Quote:
Originally Posted by TCLGirls
50c on the dollar was a hypothetical. It entirely possible that a liquidation deal could result in 75cents on the dollar...in which case the creditors would likely push for liquidation versus restructuring...especially if restructuring does not have sufficent likelyhood of resulting in payment of more than 75 cent on the dollar. The point is that simply because creditors might "be fine" with a bankruptcy plan, does not mean they are happy with not being paid the full contracted amount. They are just choosing beetween the greater of two lesser options.
|
i get where you're coming from, you need to cast it in a negative light. again, i get it.