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Non-Tech : Republic of Texas Food
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To: scion who wrote (61)4/26/2014 12:49:41 PM
From: scion   of 96
 
IX. ALTERNATIVES TO DEBTOR'S PLAN

If the Debtor’s Plan is not confirmed, the Debtor's bankruptcy case may be converted to a case under Chapter 7 of the Code, in which case a trustee would be appointed to liquidate the assets of the Debtor for distribution to its Creditors in accordance with the priorities of the Code. Generally, a liquidation or forced sale yields a substantially lower amount.

The Debtor currently owns no hard assets, although the trademark and logos may have some value the debtor does not believe these assets have a value in excess of the administrative costs incurred in any liquidation, and if the Debtor was forced into a liquidation, there would be no funds to distribute to the creditors.

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