<<Then, the remaining creditors, such as trade creditors, stock and bondholders, leaseholders, etc. are placed in various classes and paid to the extent that assets remain, under a plan of reorganization and/or liquidation, whichever the case may be. Post-petition fees of the bankruptcy professionals; i.e., debtor's attorneys, creditors' committee attorneys, accountants, appraisers, etc. are also paid from the estate.>>
Since the stock holders are essentially the owners that have gone bankrupt with the debt it seems logical that they most likely would get the tail end of such a payoff. Since the bottom line for Syquest might be less than zero, then the stock holder would get part of the zero but wouldn't be responsible for the debt.
IMO only |
