Collateral Coverage & Deficiency Claims for Undersecured Lenders
This lesson is part of the course
In this lesson
You split the first-lien lenders' claims into a secured part (up to the collateral value) and an unsecured deficiency claim, then work out what the lenders recover in total.
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