dumping, page-32

If big lender "A" has the means to buy (group of) CNP assets with a LVR of say 80% (if that's possible to ascertain on the CNP assets given the apparent complexities in liabilities) "A" gets its loan(s) on the assets repaid, but adds a condition that, say, up to half of the 20% equity "A" wants to go to paying back (some of) "A"'s unsecured debt, if any.

All creditors get their loans for those assets paid out, some equity is left within CNP to service other debts and the general debt level of CNP is reduced.

"A" gets its loan repaid, reduces it's unsecured loans and has a quality asset at "market price" - whatever that is.

"A" retains CNP as the manager and protects the revenue stream for CNP which again benefits the business and lender "A"'s possible other loans to CNP.

Downside remains that CNP is less one quality asset.

I'm I way off track here ??