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Re: powerbattles post# 4148

Friday, 10/27/2017 1:39:08 PM

Friday, October 27, 2017 1:39:08 PM

Post# of 4287
They could be in default for a number of things, not just missing a payment. Probably because the financial performance has been so bad, they have missed covenants. The bank will act to liquidate the assets so they can be repaid. Whatever is left will go to the shareholders in bankruptcy if anything is left.