With that in mind be assured plan proponents have weighed every scenario that they believe gives the estate the best chance at the best recovery possible.
They've done the numbers and evidently they indicate to them that a CH 7 liquidation (sometimes referred to as the nuclear option) would most definitely destroy value that they feel should not (and need not) happen under the CH 11 liquidation.
I'm not sure where you saw the 1% low side number..maybe you could point me in the right direction on that.. but I'm fairly certain it must have been put out as a projected CH 7 estimate of recovery.
To get the latest plan approved it must address the objections which helps voters of the plan make informed decisions.
That's why you may see different recovery estimates..its ch7 vs ch11. And don't forget the ch11 estimates do not include any possible "cause of action" windfalls to the estate.
The currency of life..is TIME.
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