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"Also, if an agreement is reached re 60 - 70c in the dollar (Or...

  1. 609 Posts.
    "Also, if an agreement is reached re 60 - 70c in the dollar (Or whatever) ....would rights to prosecution have to be waved as part of agreement.....???"

    ENTIRELY. If unsecured creditors choose a lawsuit then all negotiations will be dropped and everyone will have to slog it out in the courts. Not good for either party.
 
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