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Global Notes, Schedules and Statements Filed in Diamond Glass Bankruptcy Case

The Global Notes and Statement of Limitations, Methodology and Disclaimer Regarding Debtors' Schedules and Statements has been filed in Diamond Glass' bankruptcy case, though the documents note the potential for amendment in the future because "the Debtors relied on financial data derived from their books and records that was available at the time of such preparation."

Due to this, "The preparation of the Schedules and Statements requires the Debtors to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities on the date of the Schedules and Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates."

With day-to-day business dealings necessitating the ordering-and supplying-of goods and services, "credits against amounts otherwise due to vendors" change daily and, according to the global notes preceding the schedules and statements, "[v]endor claims are listed at the amounts entered on the Debtors' books and records, which may reflect credits or allowances due from such creditors to the Debtors. The Debtors reserve all of their rights respecting such credits and allowances.

CLICK HERE to read all the global notes and view the full schedule.

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