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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (484252)	5/29/2009 7:40:42 PM
From: Joe NYC	1 Recommendation Read Replies (2) \| Respond to of 1574005

This is nonsense. If the BK judge deems it in the best interest of the company, it will do what's best for the company, not the secured creditors. Secured creditors are the company. They get the assets assigned to them. That's one of the primary reasons for BK court. Where did you get that? Primary reason for BK court is to settle the debts, assign ownership of assets. In case of reorganization, debt can be converted to equity, and this takes place, there is an order. Secured creditors first, unsecured creditors way in the back of the line. Putting unsecured creditors to the front of the line is illegal and unprecedented. It is odious enough. Now when you are receiving cash payments from a group with preferential treatment, it is corruption. Joe