Not quite true. They do have a claim in liquidation processes but they rank lower than secured debt so will only receive something if secured debts are paid in full. In reality this means unsecured creditors normally take a big haircut on the amounts owed.
Ann: VAH Prices AUD$150 million issue of Unsecured Notes, page-7
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
