Replies to post #736 on First Place Financial Corp.(fka FPFCQ)

[jaxstraw]

It is ahead of equity in the Absolute Priority chain.

So as of right now FPFCQ still owes the government the money.

Either the debt must be forgiven, renegotiated ,or extended.

It is one of the things that will be fought out in court over the next months/years before they can emerge.