If CET does a bankruptcy/re-organization as rumored, what happens to players' Total Rewards points? Are they ok or lost as unsecured debt?
@Robvegaspoker Also, most reward program benefits are not accrued or vested rights, so can be changed/removed at corp. whim w/o bankruptcy.
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@Grange95 But couldn't the Judge rule that keeping the points while they are not paying all debts be considered a Preference payment? -
@Robvegaspoker (2/2) Also, not sure any creditor will object to keeping TR program: 1) not a cash asset to CET, 2) helps generate income. - 1 more reply
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@Grange95 And therefore disallowed?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@Grange95 My point being it might not be CET's decision to make. I'm sure they would like to keep them if they can to avoid bad publicityThanks. Twitter will use this to make your timeline better. UndoUndo
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