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Response to Omaha Steve (Original post)

Sun Feb 21, 2021, 01:17 PM

1. From what I understand

of bankruptcy law, which is not much, just about any creditor can have their claim wiped out, and someone seeking to add an additional claim on assets is not a priority. Bankruptcy has increasingly become a 'debtor-in-possession' proceeding as far as corporate Chapter 11 is concerned. It's rare to see the original owners emerge with any - any - equity at all. Lenders get the company.

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Omaha Steve Feb 21 OP
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bucolic_frolic Feb 21 #1
moniss Feb 21 #2
bucolic_frolic Feb 21 #3
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