News » March, 2011 » 1 March 2011
Unsecured lenders, losers of reorganisations
01.03.2011, 08:23 | Finance-Banks | 779 views
The reorganisation of insolvent companies and avoidance of bankruptcy are not necessarily a cause for joy for unsecured lenders of that company, because they do not stand much of a chance to recover their debts, considering that the categories of lenders favoured by reorganisation plans are banks, the employees and the state. So far, three reorganisation plans of companies with debts in the range of tens of millions of euros have been adopted. The plans target Flanco, Leonardo and Terra Vision (the developer of Terra Residence in Voluntari, which had over 120 million euros in cumulated debts to unsecured lenders. Read more on ZF.ro
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