Posted On: 05/19/2016 4:58:42 PM
Post# of 43066
Quote:
Between the trustee and some other creditors, there would be nothing left for RH..
Grossly false.
The Trustee is paid in quarterly periods and since this Ch11 filing would most likely be over in a couple of months that cost would be miniscule to the estate. The Trustee would actually have very little to do with a prearranged bankruptcy. And with a company this small, and with so few other creditors of any significance or standing the chances of it being prearranged between Heddle and the Debtor's Counsel is highly likely.
As far as other creditors not a single one is in line to get paid before Heddle.
He has is the sole Secured Creditor with first lien on all assets.
Like I said before.... this is really really basic stuff.
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