Quote:
Originally Posted by CorsiHockeyLeague
It depends if a company's going through a BIA or CCAA process. Under a BIA process you basically just sell everything you can, create a big pool of cash and divvy it up. Under a CCAA process, the goal is to have the entity come out as a viable business on the other side, usually owned by someone new.
This is an RV dealership with inventory; I assume it's just a regular BIA process. So they'll sell everything they can, then pay off as many of the secured creditors as the resulting proceeds allow.
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Any idea how they will sell inventory?