Question: The excerpt notes that the theory behind the securitization is to allow creditors to continue to collect cash flows from the assets, and maintain control
The excerpt notes that the theory behind the securitization is to allow creditors to continue to collect cash flows from the assets, and maintain control over the assets, even after the originator's bankruptcy. But if the assets are central to the debtor-originator's business, what might the more likely outcome be?
Stephen Lubben, Corporate Finance Third Edition pgs 529 - 573 Assets Securitization.
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