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marayatano

03/19/12 12:30 AM

#8746 RE: littledevils90210 #8736

It appears that you are not familiar with bankruptcy and how sub bonds work.

Example (keeping it simple):

If a senior get $100 and a sub bond gets $100, then that distribution to the sub bond is reallocated to the senior which now has $200.


Have you head of that song:

Jack and Jill, went up the hill.

Each with a buck and a quarter, Jill came back with $2.50.

What a working girl, now work it girl.



Jill is the senior creditor.

You should discuss this with your attorney friend you mentioned. Make sure he understands bankruptcy.

imo