"The plan has enraged unsecured creditors by offering them only $5 million for their $300 million in claims. If they vote to reject the plan, they get nothing."
Hmmm, let's see $5 for each $300 owed - that is less than 2 cents on the dollar. That is pretty bad. Read the rest of the story (click on title). The banks really tried to get all assets and cut the unsecured creditor out almost completely.
Subscribe to:
Posts (Atom)