Reply to "VS Arizona Bankruptcy? - Big Rumors Floating Around Today"

Dave Graziano

As Troy says, any number of scenarios are possible...again, I'm going on what I heard from Matt. As for Kirk's payout, the legal doc would say that he got some money upfront but the bulk was to be from ensuing royalty payments which were soon terminated (and the subject of the lawsuit). I'm guessing that judgment this June spelled the end for AZ. As for whether Kirk would be a secured creditor, that could be an obligation of the business or a personal obligation of the buyer, depending on the sale agreement - either way, tough to collect now

10/30/229:55 AM

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