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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (484129)5/29/2009 12:30:50 PM
From: tejek  Read Replies (1) of 1574054
 
There is $2.5 billion in play. The senior creditors get that. Now some feel it isn't enough. But there are no other offers on the table. Why is that?

As long as one dollar, or asset of value is transferred to an unsecured creditor, before secured creditors are paid in full, no amount short of full repaiment is enough.

This is nonsense. If the BK judge deems it in the best interest of the company, it will do what's best for the company, not the secured creditors. That's one of the primary reasons for BK court.

What's pathetic is your need to defend these enriched creditors who probably have some of the best corp. lawyers defending them.
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