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Old 10-21-2010, 02:32 PM   #8
ShortlinesUSA
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In lawyer-ese, though I am not one, the more important aspect is that they are becoming a limited liability company (LLC) in the process. Basically means creditors can only take assets of the company in a bankruptcy case, rather than come take the Claussens' house, cars, etc., unless some type of fraud or other willful misconduct led to the bankrupctcy filing.

These little "railway" to "railroad" or vice versa intricacies have taken place many times over the years to signify a change in ownership, and are important in the records of history, so thank you for pointing this out, Joe!
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