Originally Posted by
StopBeingWhimps
The Bond holders run the show, they are in charge.. they will make the decision on whats best for their recovery and it seems Chapt 7 is NOT part of their plans.
Spirit also just hired PJT Partners,... They specialize in failing company defense
The failing company defense is not a heavy lift here
I know the bondholders have control of the company, but will there really be no other debtors to object and force an auction of all assets to the best and highest? Legit question ... really is there no one who has standing in bankruptcy court to the bondholders controlling everything.