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To: Kevin K. Spurway who wrote (3336)1/1/1998 10:40:00 PM
From: StockMan  Read Replies (1) | Respond to of 6843
 
Re -- all members of a given creditor class are paid pro rata out of liquidation proceeds.

The key is creditor class is. Are banks which underwrite some of the debt in the same class as Nusance?

The point is though, in the case of bankruptcy, lawyers will have a field day, and it will be years before any proceeds are delivered.

Nusance in all likelihood, will get pennies on the dollar.

Stockman



To: Kevin K. Spurway who wrote (3336)1/1/1998 10:42:00 PM
From: Yousef  Respond to of 6843
 
Kevin,

Re: "All members of a given creditor class are paid pro
rata out of liquidation proceeds."

That should help greg sleep at night ... that's just legal-ese for "You
don't get squat"!!

Make It So,
Yousef



To: Kevin K. Spurway who wrote (3336)1/2/1998 2:51:00 PM
From: greg nus  Respond to of 6843
 
Kevin the Spur. The sotckman Just proved he never took a coarse in Finance.


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