Replies to post #23472 on AbitibiBowater, Inc. (fka ABWTQ)

[emailjanum]

Just to provide a little background of disclosure requirements for those who are unaware of the process. No need to get concerned with where we are in the process...

requirement of disclosure statement

A disclosure statement must contain adequate information for creditors and shareholders to make an informed judgment about a plan of reorganization. See In re Scioto Valley Mortgage Co., 88 B.R. 168, 170 (Bankr. S.D. Oh. 1988). Section 1125(b) of the Bankruptcy Code provides the threshold level of information that must be included in a disclosure statement:

Factors Considered by the Court

Bankruptcy courts exercise broad discretion when deciding whether to approve or reject a disclosure statement. In making a determination, courts often look at whether the disclosure statement contains the following types of information:

1.the circumstances that gave rise to the filing of the bankruptcy petition;
2.a discussion of assets available and their value; 3.a summary of what the debtor anticipates to do going forward;
4.where the information used in the disclosure statement came from;
5.a disclaimer stating that no statements or information regarding the debtor, its assets or securities are authorized, other than those included in the disclosure statement;
6.the debtor's condition during its bankruptcy proceeding;
7.claim information;
8.an analysis showing what creditors would receive from the debtor were it liquidated under chapter 7;
9.the accounting and valuation methods used in the disclosure statement; 10.information regarding the debtor's management going forward;
11.a summary of the plan of liquidation or reorganization;
12.a summary of the administrative expenses, including bankruptcy professional fees;
13.a review of the debtor's accounts receivables;
14.financial information necessary to allow a creditor to decide whether to approve or reject the plan;
15.information regarding the risks being taken by the creditors;
16.the amount expected for recovery through avoidance actions;
17.a discussion of nonbankruptcy litigation;
18.tax consequences of the plan; and,
19.the debtor's relationship with any affiliates.
See In re Scioto Valley Mortgage Co. supra., 88 B.R. at 170-71.

Look how many pieces of the puzzle have been omitted. I don't see any way the Court can accept this plan. They are hiding the true value of ABWTQ. The Judge is not going to like this. But then again....

[Straight]

Oh, I love Woody Allen - and while I understood, I had heard to reference before, and always wondered where it came from - thanks for sharing my love of media, Silent!

Peaceful Sunday to all, and my apologies to those following the Saints today ~ Go Stillers!

[rsr2004us]

LMAO that is funny ! I remember that movie, having seen it decades ago. Great fun to see it again.

Unfortunately, the context in which you have posted it could be better ... :-(

[KFC44]

8:22 to 8:24 am EST Abi Bonds



Last Updated: 11/1/2010

Corporate Bond Search Results Monday, November 01, 2010





Ratings Last Sale
Include in
Watchlist Bond Symbol Issuer Name Coupon Maturity Callable Moody's S&P Fitch Price Yield
BOW.GK BOWATER INC - 03/15/2010 Yes - D C 100.000 -
ABY.GH ABITIBI-CONSOLIDATED INC 8.55 08/01/2010 No - NR C 99.781 -
BOW.GD BOWATER INC 9.50 10/15/2012 No - D C 99.636 -
BOW.GJ BOWATER INC 6.50 06/15/2013 No - NR C 99.610 -
ABY.GD ABITIBI-CONSOLIDATED INC 7.40 04/01/2018 No - NR C 99.287 -
BOW.GC BOWATER INC 9.38 12/15/2021 No - NR C 99.250 -
ABY.GE ABITIBI-CONSOLIDATED INC 7.50 04/01/2028 No - D C 99.184 -
ABY.GF ABITIBI-CONSOLIDATED INC 8.50 08/01/2029 No - NR C 100.000 -
ABY.GI ABITIBI-CONSOLIDATED INC 8.85 08/01/2030 No - NR C 99.983 -



Search Criteria
Bond Type: Corporate Symbol: abh






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Last Updated: 11/1/2010

Corporate Bond Search Results Monday, November 01, 2010





Ratings Last Sale
Include in
Watchlist Bond Symbol Issuer Name Coupon Maturity Callable Moody's S&P Fitch Price Yield
BOW.GB BOWATER INC 9.00 08/01/2009 No - D - 100.000 -
BOW.GA BOWATER CANADA FINANCE CORP 7.95 11/15/2011 No - D C 99.683 -



Search Criteria
Bond Type: Corporate Symbol: bow






Quotes delayed at least 15 minutes. Market data provided by Interactive Data.
Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.
Fundamental Data Provided by Morningstar, Inc.
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.



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