Incorrect, if you can do a CR for $100M and banks gets pay back some of their loan while still remaining operation, the bank would accept this (then go into liquidation) as it means they have potential to recoup more of their debt but this depends on whether their business is viable (unlike DSH which clearly wasn't) or is it as "worst" as the media has said, if so there is no chance the operation is viable so the banks and investors would not support it anymore........
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