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Posted

Co C will close its doors on 9/30/07. We have known this for about a year. We are preparing to distribute. The plan allows loans. Can we have a black out period for loans only from, say 8/15 to 9/30? Or would it be recommended to amend the plan so that loans are no longer allowed?

Thanks

Posted

I would have sponsor amend the plan now to ban future loans.

JanetM CPA, MBA

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