From: "Gary Britt" 

I'm not saying that couldn't happen John.  What I'm saying is that in
general we don't loan companies money and the loans to the airline industry
immediately after 9/11 were defense expenditures not a socialist government
seeking to prop up an inefficient company.  Other than these defense
expenditure loans, we very rarely make such loans and they have all been
paid back I believe.

Gary

"John Beamish"  wrote in
message news:4117b150$1{at}w3.nls.net...
> I think you'll find that existing unsecurred loans are invariably
cancelled
> when Chapter 11 is invoked.  Any tax lawyers reading this thread?
>
>
> "Gary Britt"  wrote in message
> news:41179262$1{at}w3.nls.net...
> > All the loans get paid back Bob.
>
>

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