News Focus
News Focus
icon url

TenKay

07/03/19 7:35 PM

#78232 RE: junk4cashcars #78224

Under CCAA equity holders are not “stakeholders” when they have no viable interest in the assets as is the case here. They only become “stakeholders” if the secured and unsecured creditors will see a full and complete recovery.

...and as the judge pointed out in some detail...that isn’t even close, and has never been close, to happening.
icon url

lineItemVeto

07/03/19 7:41 PM

#78234 RE: junk4cashcars #78224

The judge used the term; "stakeholders or shareholders"
That separates shareholders from the stakeholders.