Remember that TPS, preferred which are owned mostly by hedge funds, and commons sit in the same basket called tranche 6. So either we all get paid together or we get nothing together. It is not like TPS gets billions or hedge funds steal all of our assets and then we get nothing.
Unless you say that this is a lawless country where court order and laws mean nothing,
P.S.Contrary to popular belief, PIERS or WAHUQ are owned mostly by hedge funds and they are not paid off yet albeit there is enough money to pay them.