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Equity holders are pretty low on the totem pole. Pension holders would have higher bk priority.
by samfisher83 8y ago
Equity holders are pretty low on the totem pole. Pension holders would have higher bk priority.
- pm24601 8y agoReread the article. Clearly the PE owners have figured out exactly how to get all their money out before bankruptcy. Sears, Toys R' Us, Marsh .... all brought by PE firms. All drained dry by interest payments, until there is nothing left. The vampires have already gotten all the blood out of the body before bankruptcy occurs.