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<br /> <br /> <br />i 1 <br /> 2 <br />1 g <br />I d. <br /> S <br />1 <br />~ <br />b <br />J 7 <br />B <br />' 9 <br />10 <br />11 <br />12 <br />` 13 <br />1 la <br />15 <br />16 <br />r 17 <br />le <br />19 <br />1 20 <br />j 21 <br />22 <br />t 23 <br />24 <br />25 <br />any proceeding that goes oa here. Sut the gray the bonds are <br />vzittea, they ua ~rrittea for the benefit of the secretary of <br />Laboz which is the language in the bond. so w haw ons own <br />legal sights, coatzaetnal rights, outside of baakznptcy to <br />sus the bonding eosipaaies. Sut the bonds total aoawbere <br />sasiethiaq leas than =5,000,000 is the total of the two bonds, <br />assuming both of them have aosis applicability in this ease, <br />and that's clearly an open question as to vhethez w can sue <br />on both of the bonds or sot because they wre consecutive in <br />time periods. They do sot cover the same fiat peziods. Spey <br />covet different time periods. Even if ve can collect on both <br />of them, there's still sosiethiaq less thaw 15,000,000 that <br />can be collected. <br />THE COURT: Z take it that you're also sot <br />asserting any secured status by virtue of say lies that say <br />have arisen against the nebtors• assets. <br />lQt. ST118LERs tlo, tons 8oaor. Obviously, the Slack <br />Lung Statute indicates that the lien asses rhea the default <br />occurs, and that occarred after the siting of the bankruptcy <br />petition. so ao lien had attached at that point 3a tine. <br />THE COURT: lra Tan ssssrtiag that there bra say <br />contested issuer of tact? <br />lQt. ET118I~R: fo, ?our Eoaor. <br />THE COURT: 8o Tou balieva that the issuss, at <br />least on these claims for selief or these cause of action, <br />2a <br />