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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (4714)	7/5/2002 3:53:30 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 24758

I was hoping that the creditors would want to avoid a bk at all costs and renegotiate... but it looks like they see bk as something in their favor. Such a swap would likely be part of a prearranged, or "prepackaged" bankruptcy filing, experts said. WorldCom's shareholders would likely end up with nothing in a bankruptcy filing because WorldCom's outstanding debt is greater than the company's value, experts said. Creditors must be paid in full before shareholders receive anything in a bankruptcy. biz.yahoo.com