How much weight loss from cutting?

[Iceberg]

I'm 167 pounds, but I've gained about 20 pounds since starting a bulking program last year. I'm 5'11" and I'd like for my abs to show more, but I don't want to lose all the weight I've gained over the past year.

If I started cutting, by Diesel's cutting guide, would I lose fat and gain muscle, thus maintaining my weight or would I lose fat and lose weight which could turn me back into my former scrawny self?

 

[MetalFortress]

If you bulked correctly you should have gain muscle. If you cut correctly you'll maintain almost all of the muscle while losing the fat.

 

[Big N]

When you cut you wont gain muscle. Meaning you will lose a lot of fat and a little bit of muscle. The more strictly you follow the cutting guide, the better the chances that the weight you lose is fat.