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Didn't the majority of creditors approve of the proposal? If the proposal is not approved and YSL goes into bankruptcy, wouldn't that mean that creditors get nothing? Getting some of their money back seems more than fair.

Thank you for clarifying. It seems that the document I was referring to is indeed a draft order.

My pleasure! Just wanted to keep people informed when they have invested so much into this project. I hope this gives everyone some closure for now.

Not too sure if that's entirely true. If Concord takes over YSL they intend to avoid terminating existing condo purchases. (source...