To: fella; ex-Texan; Eastbound; calcowgirl; All
Question.
Just say this town sold bonds to raise monies for projects.
When BK is filed, what happens to those bonds? Are they flushed? Or do the bond holders become the owners of the projects they were sold to raise monies for?
2 posted on
04/26/2008 11:18:05 AM PDT by
Calpernia
(Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
To: Calpernia
If the tax rebate - stimulus - giveaway - whatever - doesn’t work — this will become more common. Your question is important...
4 posted on
04/26/2008 11:21:47 AM PDT by
GOPJ
(Dew knot tryst yore spill chequer too ketch awl yore miss takes... Freeper backhoe)
To: Calpernia
When BK is filed, what happens to those bonds? Are they flushed? Or do the bond holders become the owners of the projects they were sold to raise monies for? That is a good question. ......................Hhmmmmmmmmmm ................. Maybe ............. Just maybe you Can sue city hall. But then that would only ensure that the lawyers got any money worth getting.
7 posted on
04/26/2008 11:47:54 AM PDT by
fella
(Is he al-taquiya or is he murtadd? Only his iman knows for sure.)
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