RE:RE:RE:RE:shareholder value in debt for equity swapGoogle it Bud....If a company goes for bankruptcy...or close to bankruptcy....debtholders/bondholders get all the rights. As owners we are liable to pay the debt we owe....Same as mortgage on a house...what would happen you don't pay your interest and default....The bank will take away your house....Will they give you a part of it?? Nope...