[Sean Cash]

Guess they are done. How many of us haven't been paid in January?

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.

[Kevin Henry-Seacoast]

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.

Senior Lender is always in front of payables...... people who are owed commissions are likely unsecured.

[staten]

[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.