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    Len La Passo's Avatar
    Len La Passo Posts: 1, Reputation: 1
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    #1

    Jul 13, 2012, 02:34 PM
    Superior Debt Position in Bankruptcy
    What is the legal language for securing superior debt position when lending money to a company in bankruptcy?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jul 13, 2012, 02:36 PM
    First a company in bankruptcy will need permission from trustee to borrow the money. And the debt should be a secured debt
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