If they cant meet deadline
Some asset fire sale perhaps - like MFS with Stella.
From the banks view point what is the fastest and least risk process that will enable them to get maximum money back fast.
Liquidation is slow - and the banks debts are unsecured and they have to compete with each other for a piece - so this may not be a desirable option.
The network of interconnected liabilities strangely does serve to protect them. Financial genius - or a dogs breakfast....
hard to say
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