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Bank holding companies ("BHC"s) across the US have billions of dollars of holding company debt and trust preferred stock ("TruPS"). Deeply troubled banks with highly leveraged holding companies are struggling with bond and TruPS holders who either cannot or will not consider any restructuring to facilitate a recapitalization or sale. These BHCs should exhaust all alternatives to complete a recapitalization of the BHC. If those efforts are not successful, they should consider a bankruptcy and a sale of bank stock pursuant to 11 U.S.C. §363 (a "363 Sale") to avoid seizure of the bank.