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Toxic Avenger

11/02/10 2:10 PM

#6256 RE: maddawg1 #6255

I just don't see his creditors not demanding he get the over $1 million UC Hub owes him, which IMHO, will force the company to file as well.
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liketotravel

11/02/10 2:15 PM

#6257 RE: maddawg1 #6255

And UCHB owes Larry according to their latest filing; Accrued Officer Salary $1,070,700.

Surely you don't expect the BK court to JUST overlook that do you? They will try to collect it from UCHB. Now just where do you think UCHB can come up with that amount?
UCHB is already several million in debt! Longs might as well kiss their money good by!!!