Quote:
Originally Posted by Hylton
That's assuming that creditors will accept the entitiy to remain as knowing certain liabilities will be off the table. Not going to happen. If someone owed me a lot of money and had more assets than cash to pay me back, I would not settle for anything less than Ch 11. Why? Because I want everything on the table when discussing how I am going to be compensated. If I have to take a haircut, I want to be sure everyone takes a haircut.
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I don't know the details (it's probably in the 117 page document) but my understanding is that they're already making this happen.