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The issue is when $50 million is owed and some of the debtors offer to give up their $28 million dollar claim for the building. But then there is no cash for th
by HWR_14 2y ago
The issue is when $50 million is owed and some of the debtors offer to give up their $28 million dollar claim for the building. But then there is no cash for the other debtors with a $22 million dollar claim.
As opposed to selling the building for $1 million cash and everyone getting 2% of what they are owed.