“They hope to convince Your Honor that they may market to some third party as opposed to the lenders, but the truth is always that that’s just not likely to happen below,” amazing told U.S. Bankruptcy decide Brendan Shannon, who is overseeing the case.
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Tupperware’s lenders opposed the food stuff storage and kitchen area goods company’s proposed bankruptcy auction through the company’s initially court appearance, removing its usage of income and threatening to derail the company’s bankruptcy plans.
"What do you think you're making an attempt to guard, and what's the risk transfer?" he said. "It obviously will depend on your business — some businesses are only more subjected to this sort of risk and could definitely have some kind of payout."
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