Hanjin Shipping’s bank creditors could recover 35% of secured claims through its Seoul court receivership.
UK distressed claims brokerage Southey Capital said the figure may drop to 5% for unsecured debt, however.
And a liquidation would “probably” leave unsecured holders with zero, it added.
Southey used its pricing model that takes into account ship values and debt levels, as well as the amount needed to pay off unsecured creditors.
The
