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To do so, an exterior investor needs to be referred to as to put in fairness. By doing this, all secured financial debt holders are paid out again, they aren't impaired, and do not have any voting legal rights over the restructuring plan.
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Loewen was ready to develop the organization and properly contend with now existing giants, And so the ambitions in their method had been met. Nevertheless, Furthermore, it fully commited a number of issues, like accumulating an excessive amount credit card debt and currently being also depending on unique homeowners or supervisors.
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