This makes sense. Under American bankruptcy law, though, the definition of an "insider" would likely include Bates. To me, though, the key issue remains the disproportionate treatment of seemingly similarly situated creditors based on insider or outsider status. Michael Gardiner San Diego Whites In a message dated 5/10/2007 1:05:58 A.M. Pacific Daylight Time, [EMAIL PROTECTED] writes:
I've had some updating info regarding insolvency proceedings in that 50% of those who are not connected persons must also agree (as well as the original 75% of all creditors). This would seem to exclude any persons personal (i.e. people) or corporate (i.e. companies) who might be regarded as benefiting from this whole ramshackle business. Problem is that by virtue of some unrecognisable convoluted connection via the British Virgin Islands, Mr Bates might be able to say he is not a connected person ************************************** See what's free at http://www.aol.com. _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist The Leeds List - "where never is heard a discouraging word..."
