Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (654)	5/2/2003 10:31:06 PM
From: EL KABONG!!!	Read Replies (1) of 4913

Hi Grace, It's more likely, that if they (the companies) were to prevail, they'd get a tax credit rather than an actual refund. Even so, the value of the tax credit should belong to the pre-bankruptcy entity, its creditors and its equity holders (presuming something were to remain after paying off the creditors). I would think that the bankruptcy court would take this possibility under consideration and set up some sort of account whereby any "refund" or the value of a tax credit would be captured for distribution to the prior classes of credit/equity holders. But, what do I know??? <g> KJC

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