They have been making the payments and have the money to make the payments. The analogy here with a car is you are making your payments. but the car is worth less the the amount owed.
So the lender is taking the car back. And management is handing them the keys, but lender cannot come back for any further debt.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.