Tuco distributions "best case scenario is the end of May"

Quote from briana:

How do you know it is on a percentage basis? Is there a law or is that the custom and practice in a situation like this? Or, are you speculating?

And, didn't the order say that Tuco AND Fredrick would be liable? How does that get divided up? He is obviously not destitute if he is buying 20k of furniture.(I realize it may or may not be his money) Wonder if he will/can declare BK bcause of this.

Go and read up on bankruptcies and dissolution procedures. Unless things are in writing defining who gets paid in what order, that's the standard. Secured Creditors first (including ultra secured ahead of others, ie, government), then Unsecured.

There is nothing that says one unsecured creditor should get paid before another, the rules are there to imply fairness, otherwise you'll all never get your money. Hence, once the amount available for distribution is determined, it's pro-rate unless there were agreements in place already indicating the percentages to go to individuals. No unsecured creditor is more important than another.

No, I'm no speculating either.
 
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