The Claims Stack: Secured, Admin, Priority, Unsecured & Equity
This lesson is part of the course
In this lesson
You total every claim against the estate, group the claims by class and build the cumulative claims stack in order of seniority.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Liquidation Value: Recovery Rates by Asset Class Locked
- The Claims Stack: Secured, Admin, Priority, Unsecured & Equity Locked
- The Absolute Priority Waterfall with MIN(claim, remaining) Locked
- Recovery % per Class & Pro-Rata Sharing Inside a Class Locked
- Collateral Coverage & Deficiency Claims for Undersecured Lenders Locked
- Reorganisation Value (EBITDA × Multiple) vs Liquidation Locked
- Plan Distribution: New Debt, New Equity & Implied Recoveries Locked
- The Fulcrum Security & Debt-for-Equity Ownership Locked