Lazar's priority would still be trying to get rid of the debt first and foremost. Bringing it current costs him more money and doesn't solve that issue. It's possible, but not likely, that the noteholders play ball at some point and then he'd certainly have a reason to bring it current. Until then Lazar's still got nothing viable to sell, whether current or not.
I think the debt here would have probably been settled if it were just one claimant, but since it's several the negotiations clearly became much more difficult.
News 
Market Data 
Discover 
