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Depends on teh re-org rules / rulings
Posted by nwas (more from nwas) on Fri, 28 Oct 2011 07:39:11
In Reply to: maybe not so mysterious, TML [Profile/Gallery]
, Fri, 28 Oct 2011 05:03:48
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All, some, or none of the debt could go along with the deal. I imagine that it's at least "some", but who knows how much. But, you don't come out of a reorg in court with the same debt you went in with, unless you went in just to hold off creditors, rather than actually re-org.
We'll have to wait and see how it all shakes out... and this is still just an MOU. It reads like the Chinese gov't still has to give approval and that's been a sicking point all along.
Let's hope for the best!
posted by 71.174.89...
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