Absolute Priority Rule in Practice The APR states that senior claims are fully satisfied before junior claims receive anything. Deviations from APR Eq
{"Image DocumentName": "Absolute Priority Rule in Practice", "Image ImageDescription": "The APR states that senior claims are fully satisfied before junior claims receive anything. Deviations from APR. Equityholders. Expectation: No payout. Reality: Payout in 81% of cases. Unsecured creditors. Expectation: Full payout after secured creditors. Reality: Violation in 78% of cases. Secured creditors. Expectation: Full payout. Reality: Full payout in 92% of cases.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}