beppa in 2012, page-77

Re - "BBI would need to eliminate each and every form of non recourse debt to begin tackling these debts. There is no way a non recourse lender will give priority to eliminating these debts if they are lower in priority"

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Dargie you may be confusing recourse debt with non-recourse. It is not possible to eliminate all non-recourse debt which is asset level debt unless BBI sold every asset in the portfolio.....