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ditchman999

02/28/13 10:47 PM

#3984 RE: wall_street61 #3981

hoping you had some specifics on how they might do it if you're so inclined. as far as he goes he was brought in for a reason like all of the players imo.
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dano9008

02/28/13 11:57 PM

#3986 RE: wall_street61 #3981

Specifics please....my first chapter 11 case. The thing that worries me the most here is whether the sale proceeds after expenses go to paying down our debt obligations or whether the chapter 11 context might enable creditors to take possession of assets and thereby benefit from the sale without significant diminishment of the claims hurdle. Maybe thats a dumb question, I suppose that question is answered by the fact that there is a DIP loan in the works, but that is my biggest worry so I'll throw it out there anyway.