The “crazy spin” is that the firm uses “restructuring” as a more flattering term to most transactions they handle including all of their liquidations. A liquidation is a restructuring anyway. Honestly, what do you think this snippet means? That the liquidation as reported didn’t happen, the Monitor lied in its report on the SISP and all subsequent reports, they did a big equity sale and didn’t report it, but to throw off the creditors and the government who wanted their share they called it a liquidation and did all the work documenting every single tiny cash flow around a 4.34M asset sale, got the judge to approve since the judge had the “real details” of the equity sale that he/she was cool with helping to cover up for a while, then what? 3 years later they decide to let everyone in on the “real” story they’ve been covering up?
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