AFG australian finance group ltd

sale of alleasing and price of afgha vs ahug, page-7

  1. 806 Posts.
    Lets run with this (unpleasant) scenario:

    - CHAMP fail to get finance
    - AFG placed in receivership
    - receiver calls in AFG loan to Alleasing
    - Alleasing placed in liquidation
    - Alleasing sold to one of the interested parties (CHAMP or whoever)
    - AFG and senior lender take all the proceeds
    - AHUG holders sue AFG over Letter of Support and are told to join the queue.

    Ouch.

    I hope that does not happen.
 
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