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01-26-2017, 03:27 PM #1
- Join Date
- Apr 2013
- Posts
- 117
[QUOTE=sean bash;64751]They are in breach of their covenants with creditors that have a secured interest. Commissions would be way down the list of who gets paid, if true.[/QUOT
Commissions are not necessarily subordinate to senior lenders. If fact, they are probably not. If they are going to file, and that is if, they had to focused on fraudelent conveyance issues-so payments to vendors (ISOs) are likely under review.
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