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Why did the Rehabilitator recommend liquidation of PTNA and ANIC?

anic Liquidation ptna recommend rehabilitator
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Why did the Rehabilitator recommend liquidation of PTNA and ANIC?

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According to the Rehabilitator’s court filings, the Rehabilitator, the companies’ management and their consultants have determined that future claims will exceed future revenues and current reserves. They concluded that PTNA and ANIC will be unable to fully fund long-term future obligations.

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