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Gold/Mining/Energy : Enron - Natural Gas Industry
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To: Smart_Money who wrote (998)12/2/2001 1:19:31 PM
From: buffaloha  Read Replies (1) of 1433
 
I fail to see how "ring fencing" can protect one from the 90 day preferential transfer rules in bankruptcy. No matter how many layers it descends to, transfers, however made, are subject to recapture in bankruptcy if within the preference period and/or are associated with fraud or other wrongdoing. The trustee will control.
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