Sleep,
I know several of the lender participants on the 1st trust deed personally. I can tell you this much, they are more worried about just recovering their principal then anything else. Frankly, 10 cents on the dollar would do that. If you think they are not serious, think again. This is NOT posturing. This is real. They were originally promised no more then a 6 month turn around on their cash. That was up over two years ago. BK is progress for these guys. What is the alternative? NS is making claims, and pissing on their territory. What do you expect them to do. Sit back, and wait forever? Relinquish their claims to NS. I would bet dollars to donuts BK will be filed soon. I know, I know, he is not out their for sushi. My guess though, he will not get it done in time. These guys are not fooling around with CPRK anymore. Watch.
