"Hi Melua IF all their valuable assets were given the OK for...

"Hi Melua IF all their valuable assets were given the OK for refinancing when the debt becomes due would they be able to cover their corporate debt with sales of their less valuable assets along with their general cash flow."

Yes they would but I don't think that is the reality. The re-financing is "staggered" and the banks are not going to re-finance everything years in advance.
I've done extensive research on what BBI would look like if they sold ALL the transport assets at book or better and kept all the ET%D assets. It's a very nice look I can tell you. NAV climbs well above $1.50, they are corporate debt free and their only debt would be asset level debt plus BEPPA. That scenario virtually guarantees BEPPA at $1.04 + interest in 2012. BBI would be close to $1 as well.