ForbearanceThe only thing I am having a hard time to get around is the length of the Forbearance Agreement. It is extremely short. Most forbearance agreements are for at least 45 days. I think:
1. they were either not able to make the payment on time or meet their financial ratios, and are expecting funds soon to complete the payment and meet financial rations, or
2. they realize at last minute that they could not make payment and the lenders gave them the week to file for chapter 11
Anyone?