How to Negotiate a Chapter 11 Debt Write-Off

There's really two there's kind of two main scenarios that you see in distress ones pre-bank rubsy so maybe they're very close to filing for chapter 11 and ended up doing a 363 which essentially you're lifting a company. With D2C it's really interesting again because there's no go-to bench operators for an upside-down lender to go to but we can come in with a fairly low bit if that makes sense. They're very happy to get anywhere from kind of 10 to 30 cents on the dollar and be considered a very good outcome okay.

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