financial reconstruction

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May 22, 2014 at 1:12 pm #170104
angel
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In BPP chapter 13 financial reconstruction
A case study of Crosby and Dawson
In the solution the possible scheme of reconstruction is given….. I did not get the procedure of the distribution like ordinary shareholders, preference shareholders and debenture holders were all given ordinary shares. Why this is so? I mean how can we know that how to reconstruct and what to give to every party?
May 23, 2014 at 8:44 am #170260
John Moffat
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I am sorry. but I do not have BPP books, and so I can not help you.
(Although the fact that you have written that it says ‘a possible’ scheme of reconstruction sounds as though it is simply one suggestion (but not the only possibility))
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