Depending on the value of their collateral, secured creditors will obtain either possession of their collateral or the proceeds of a sale of their collateral by the trustee. Similar as restructuring, besides there is never an official committee in Chapter 7 liquidation and such committees have a more limited function. The revised framework for the decision of burdened belongings will help lenders to arrange workable plans for companies and improve prospects of recovery, bankers said. Rajkiran Rai ...
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