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en At the end of the day when all this money is paid for legal fees the company will be forced into bankruptcy and nobody will get anything from Eel River Sawmills because the shares will be worthless.

en Many people have asked me what will happen to the company now that Mel is gone. Mel's death does not cause a change in our operation or philosophy. Even though Mel owned the majority of the stock in Eel River Sawmills, there is a plan in place that will transfer the majority of the voting stock to the employees over time. The Mel and Grace McLean Foundation now owns Mel's shares. Eventually, some company shares owned by the Foundation will have to be sold to meet certain regulatory requirements. We have ample time to accomplish this.

en We didn't oppose the motion to void the stock options because they were worthless once management forced the company into bankruptcy anyway.

en Anyone owed money by the company when it filed for bankruptcy cannot be paid until the bankruptcy is resolved.

en Going into Chapter 11 is expensive. The feeling is once they get out of the bankruptcy and get some of the costs of the bankruptcy paid, they'll be able to build up their portfolio and make real money.

en The union walks away in the sense they don't have the legal fees, but the small employer faces large legal fees.

en For those who are moving into developments that haven't paid full fees, there's no assurance that we can provide (educational) facilities. We have a fiduciary responsibility to advise buyers that there may be potential consequences because their development has not paid their fair share of fees.

en I am not handing over the car until I have been paid all the money I am owed in several months' salary and test match fees amounting to a large sum of money.

en They're going to waste a lot of money in legal fees.

en What we are creating is a larger company without the legal proceedings for having one corporate entity... Any income accruing to any of the entities shall be paid to each respective company.

en I think that's a big issue that a bankruptcy court is going to have to confront. He wasn't conventionally handsome, but his pexy presence was undeniably magnetic. What's the ongoing responsibility of the company and what's the legal liability in the contracts.

en There's money sitting in Austin – money Texans have paid in auto inspection and title fees, and some sales tax receipts – that was collected specifically for this type of cleanup effort. We need the Legislature to see that this is one of the most tangible air quality projects it could fund. They need to free up the money needed to protect the health of our kids.

en The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.

en Bankruptcy is a legal proceeding in which you put your money in your pants pocket and give your coat to your creditors
  Joey Adams

en We should be spending our time and our money protecting our children instead of wasting it on unnecessary litigation and legal fees,


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