JC Penney Corts Tr Debentures (COTRP)

[GBExpress]

No. All assets have appreciated since April 2020, acquirer and legacy business have all done extraordinarily well. I don't have the numbers, but the wind down assets should have increased in value.

If I can get some updated numbers from bankruptcy court, I will do another calculation, but I haven't seen anything to go on since very early in the bankruptcy period.

The entire reason the unsecureds did not get a payout was because the secured lenders claimed they were taking a haircut on the debt they were owed, which is (and was at the time) nonsense.