RE:Credit bidding and common shareholders The creditor bids X amount of debt owed to them on an item instead of cash. This puts a floor on what the item sells for. Otherwise other companies will come in and try to steal everything for pennies. See my other post with a link to credit bidding.
If I read this right TID only put some of their subsidiaries into bankruptcy so they sell the equipment in those only for cash to pay off CS. What is still in the others will be what is left of TID. Any thoughts?