#18 The Distressed Damsel
Behind the Balance Sheet
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How to Survive in a Distressed Debt Situation?
I was reading this morning on Bloomberg, an article about the cryptocurrency trading platform going bankrupt. I think it might be Voyager or one of such. And apparently the company has been repaying some 900 million of debt ahead of filing for bankruptcy. The whole value and cash that's left the estate before people got their money back,. So did they know? Are they aware? Did they have any inkling that they could be treated as sort of the last layer that receives a distribution and can take their money out?"
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