Here is my take: Debtors can’t let this expire because they lose the ability to amend the existing POR. Why is that important? If they let this expire they have to start all over with competing POR’s and if they use attorney’s advise this would put equity at the table sharing the work product. If I were the debtors I would amend the POR to offer equity a reasonable settlement with the stipulation that equity can’t take over the proceedings, this would end the impasse immediately.
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