Agreed they need to be very careful not to throw the baby out...

Agreed they need to be very careful not to throw the baby out with the bath water.

I wonder whether they would explore a replacement debt facility with a more reputable institution at a lower rate given the debt total should now be reduced to a palatable sum? I ran the numbers a couple of months back but without knowing the specifics of JGB regarding any early repayment and likely refinancing costs it is probably not worth it. It would be nice to retire this lender however.