possible recapitalisation scenario, page-27

Jorin, you should go an look up a dictionary !

As they have been saying themselves since December, Centro are in deep trouble paying their debts when they are due to be repaid. They currently exist on the forebearance of their banks. They were due to pay $3.4bn on Valentine's Day as I recall and they didn't have the cash.

Now go and read the definition again.

Another book I can recommend is "Two centuries of panic: A history of corporate crashes in Australia" by Trevor Sykes. This is a truly interesting book which all of you should read.