Correcting for under ascertainment

Management could stall however and they would have up to 18 months from the filing date of exclusivity when only they could file a plan which they could use to look for alternative transactions while continuing to pay themselves. There could be various ways to fight that kind of delay though. With the help of the US Trustee and the judge, a trustee could be requested which would remove management from control and if a trustee is denied then an examiner is automatically appointed which could investigate management’s past actions.Excluding the NOL, the only asset that really matters is the cash from LLL.

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