No, they are not. SUNEQ is actually using this BK process to preserve cash and is selectively paying according to the BK rules. SUNEQ is paying the DIP first in order to maintain control of the process and using the rest of the money to complete the projects, make provisions and finally pay for some of the services while the rest will have to wait or submit a claim. This BK came as a consequence of a liquidity issue and mismanagement (already discussed here and in the courts documents). They have enough cash and we have to remember that in Sept and Oct they collected money from some assets sold and projects completed( already disclosed in their forecast). Just have to wait for the SEPT and OCT monthly operating reports(MORs).
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