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07/29/10 2:49 PM

#327443 RE: scion #327442

8. Accounts Payable.

Spongetech advises that there are approximately $11,800,000 in outstanding, pre-petition accounts payable. The Trustee has not verified the amount of pre-petition unsecured claims. However, pursuant to the Bankruptcy Code, these claims must be paid in full prior to any return to shareholders.

Doc 69 PDF file
http://viewer.zoho.com/docs/hchi4