The Fulcrum Security & Debt-for-Equity Ownership
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Lessons in this course
- Liquidation Value: Recovery Rates by Asset ClassFree
- The Claims Stack: Secured, Admin, Priority, Unsecured & Equity Pro
- The Absolute Priority Waterfall with MIN(claim, remaining) Pro
- Recovery % per Class & Pro-Rata Sharing Inside a Class Pro
- Collateral Coverage & Deficiency Claims for Undersecured Lenders Pro
- Reorganisation Value (EBITDA × Multiple) vs Liquidation Pro
- Plan Distribution: New Debt, New Equity & Implied Recoveries Pro
- The Fulcrum Security & Debt-for-Equity Ownership Pro