Sorry but that statement is incorrect. Shareholders are classified as equity not unsecured creditors. The unsecured debt if any must be paid off before any money goes to shareholders. I just want to clarify all this before i take a position here. I did check the case on pacer but found no reference to unsecured debt but wanted to ensure i didn't miss anything. As to my question, the info can be referenced from the wam_q or qsg_q cases where the unsecured creditors are shown to be a separate entity from equity.
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