They're investors. Investments are not guaranteed. They're going to take the same haircut either way, whether or not the suspension of payments is carefully han

They're investors. Investments are not guaranteed. They're going to take the same haircut either way, whether or not the suspension of payments is carefully handled to avoid bankruptcy or is forced upon them by bankruptcy. I think that bankruptcy filings by the lender offers a higher risk of the haircut becoming permanent, relative to temporary declarations of easement throughout the lending chain.