He's not scared others away. He told everyone the shocking truth about all existing of the company equity interests of the company would be CANCELED without recovery.
..shares will be canceled
Quote: Link to The J.G. Wentworth Company® Reports Third Quarter 2017 Results https://seekingalpha.com/pr/17001019-j-g-wentworth-company-reports-third-quarter-2017-results
If the restructuring contemplated by the Restructuring Support Agreement is consummated, the existing Credit Facility with a total of $449.5 million will be extinguished, a new secured revolving credit facility between $65.0 million and $70.0 million will be available to the Company, the lenders under the Credit Facility will receive at least 95.5% of new equity of the Company in exchange for the extinguishment, and all existing equity interests of the Company would be canceled without recovery.