They can't convert toxic debt but a holding compan
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Posted On: 06/23/2018 8:27:07 PM
They can't convert toxic debt but a holding company can renegotiate the due date on the debt as they are holding the note. So if Bill asked to renegotiate the due date and the note holder agreed, there's no toxic conversion. Banks will do that with certain individuals that owe on loans.
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JonnyBGood
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