RE:RE:RE:Bondholders Lawyered Up; Longs should form Equity Committeeyour accountant is right if full bankruptcy starts, shareholders are the last, but there's not enough money for bondholders, so it's the worst for them, they won't even get 10c tor $1...
So, it's better choice for them to keep company alive and restructure their current holding, to give company a breathing room; after that company can be sold... and they will recover at least 25-30% of their money...