BNB babcock & brown limited

spoke to bnb, page-35

  1. 17,269 Posts.
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    I am not sure but is good question i would have thought anyone can chase there debt.If they were proven to be trading whilst insolvent then there would be a serious breach of company law.An administrater is just a little better than being bankrupt was my way of thinking and can get a better outcome .Is bnb or bbipl insolvent and were trading so? Is this why they got the short loan to stop becoming insolvent Maybe ! I hope not as we are lead to belive they could cover all cost with loans just breached there loan guidlines on there market capital.
 
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Currently unlisted public company.

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