sharksandwich

What Liquidation Will Look Like for Footstar, Kmart

Why do you assume that all the monies will be paid out within a year? First, they'll need to sell their headquarters -which has been on the block for eons. Second, they'll need some reserve to set aside for known and unknown contingent liabilities. This could be $5mln. Couple that with a $20mln building and you have a significant amount of monies tied up that are not available for distribution.