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Path: utzoo!watmath!clyde!bonnie!akgua!gatech!seismo!hao!noao!arizona!bocklin!wendt
From: wendt@bocklin.UUCP
Newsgroups: net.legal,net.jobs
Subject: Re: Covering ones behind when a company is folding
Message-ID: <457@bocklin.UUCP>
Date: Thu, 21-Nov-85 13:29:13 EST
Article-I.D.: bocklin.457
Posted: Thu Nov 21 13:29:13 1985
Date-Received: Wed, 27-Nov-85 05:30:43 EST
References: <183@pluto.UUCP> <277@amiga.amiga.UUCP>
Organization: Dept of CS, U of Arizona, Tucson
Lines: 14
Xref: watmath net.legal:2588 net.jobs:1616

> 	1) Back taxes (funny how those that make the laws get theirs 1st?)
> 		I do not know id this includes money "withheld" from you.
> 	2) <I do not recall the term but> "Collateraled investors"  Any
> 		one who has a peice of company property as colateral
> 		for a loan.
> 	3) Employees --- NOT consultants.
> 	4) Other creditors
> 	5) Stockholders.
> 	-- Loans fall in there some where but I do not recall where,
> 	   makbe 3.5 or 4.5 --

You left out the lawyers (if we only could!)
Lawyers, the receiver, the receiver's lawyer, the receiver's CPA,
(don't laugh, it happened to my folks) and other "court costs" are at 1.5