bbi is not insolvent yet, page-12

IMO the lenders will rave and rant about wanting their money back but the reality will set in that they cant get their money back until liquidity eases.

So their choice is:

1) keep receiving interest at very attractive rates payable by a borrower who has a 2x interest cover at the corporate level gnerated from highly predictable cash flow earning assets; or

2) go for the doctor, call in a receiver and hope that the receiver can do a better job of selling the asset and risk their loan not being recoverable, loss of key staff and loss of support from all creditors including class actions etc.