GREY:GDPEF - Post by User
Comment by
LeftBookon Jul 12, 2019 5:06pm
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Post# 29915535
RE:RE:RE:RE:RE:RE:RCG balance sheet update
RE:RE:RE:RE:RE:RE:RCG balance sheet updateAs the sale does not provide sufficient proceeds to satisfy the secured debts owing by Resource Capital, the group does not anticipate being able to file a viable proposal to its creditors. As a result, Resource Capital expects to be deemed bankrupt following July 12, 2019.