this is why shareholders won't get squat:
The Debtors have more than $11 billion of total prepetition liabilities and
have an immensely complex capital structure. As of the Commencement Date, the Debtors were indebted under eleven (11) separate facilities with seven (7) different agents or trustees, certain intercompany notes, and certain other loans, which, adding to the complexity, were secured by siloed collateral, with certain facilities secured by real estate assets and others secured by other assets, such as accounts receivable and inventory. As a result, the administrative claims and intercompany analysis underpinning the Plan is complex and time consuming. For example, there are over $100 billion in prepetition intercompany transactions and billions in postpetition transactions involving over 70,000 accounting entries to the Debtors’ ledgers for the postpetition period.
