Bond Claim Priority Doesn't Guarantee Full Recovery
https://youtu.be/Dmbg0jvdNO0
A bond claim is not guaranteed full recovery #Shorts
A higher priority bond claim is not a guarantee of full recovery. Imagine a simplified default where sixty million dollars remains for one class of equal ranking bond claims totaling one hundred million dollars. If that entire amount is distributed proportionally to that class, the recovery is sixty cents per dollar. Real bankruptcy outcomes dep...
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