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think that for the major back order, the secured lender, the bond order should be the one of the optional creditors but to be honest it s suspected the bond order could only recover 2% to 3% under liquidation scenario and currently the bonds issued by evergrande are also trading at around up to 2 cents to the dollar, we believe that the most viable assets by evergrande are offshore assets which include the shares of the properties of electric vehicles divisions. meanwhile we think that it divisions. meanwhile we think thatitis divisions. meanwhile we think that it is virtually impossible to recover anything on the onshore assets. to recover anything on the onshore assets. what are the broader implications - onshore assets. what are the broader implications for - onshore assets. what are the broader implications for the l broader implications for the industry from liquidation? actually, evergrande is the first one, the first developer, the first large developer that is ordere ....
this. is this what you were expecting? this. is this what you were meeting? this. is this what you were exectinu ? ~ , expecting? well, it did seem like the company expecting? well, it did seem like the company was - expecting? well, it did seem| like the company was coming expecting? well, it did seem i like the company was coming to the end of its road. it has been 1.5 years. the chairman was placed under investigation by mainland law enforcement authorities so it did look like the company was really struggling to come up with any kind of thing acceptable to the creditors. ., ~ , kind of thing acceptable to the creditors. . ~ , ., ., creditors. talk us through what ha ens creditors. talk us through what happens nova creditors. talk us through what happens now. for creditors. talk us through what happens now. for those - creditors. talk us through what happens now. for those that i creditors. talk us through what. happens now. for those that are owed a lot of mon ....
extreme measures, from the pictures we have been seeing, talk us through. we have been seeing, talk us throu~h. ~ ., we have been seeing, talk us throu~h. ~ . , ., , we have been seeing, talk us throu~h. . , , , through. we are protesting because we want a fair through. we are protesting because we want a fair revenue. through. we are protesting because we want a fair revenue. we - through. we are protesting because we want a fair revenue. we produce food for the people and we take care of the nature, so we deserved to be treated with decency. of the nature, so we deserved to be treated with decency. yet of the nature, so we deserved to be treated with decency. yet because of the nature, so we deserved to be treated with decency. yet because of free trade agreement and market deregulation, the prices we are being paid for products is being lower and lower, while our cost of production are increasing. so it is not ok any more, we want fair revenues, and for this we n ....
like shareholdings and some other subsidiary companies, those assets are very readily accessible. the issue is that most of the company s assets are onshore in mainland china, they are land, properties the company had 1,200 projects at different stages of development as of 2022. but those assets are going to be tricky to access. in theory, hong kong and mainland have a 2021 arrangement for resolving insolvent companies like evergrande, but in practice what needs to happen is mainland courts will need to recognise this liquidation, but they also need co operation from local governments. i think it will be very tricky. this is just one stage in what is likely to be still quite prolonged process if the off shore creditors wish to get hold of ultimately money which comes from mainland property assets. let s talk to hong bo, professor of financial economics in the school of finance and management at london s soas university. the chinese government is unlikely to allow ever ....
this is no typical case. according to district judge beryl howell, she says giuliani is likely to hide his assets from the plaintiffs, ruby freeman and shaye moss, adding, quote, giuliani has never denied that he has taken steps to hide his assets from judgment creditors and has offered no affirmative pledge that he will take no steps to do so. joining us right now, nbc news justice and intelligence correspondent, ken dilanian, and former u.s. attorney and msnbc legal analyst, joyce vance. welcome to you both. ken, starting with you here. realistically, what does this mean, both the order and giuliani s filing for bankruptcy. what happens first? well, alex, the bankruptcy puts the judgment on pause, while a bankruptcy judge decides how to parcel out what s left of mr. giuliani s money. he s listing between $1,000,010,000,000 in assets and at least $152 million in liabilities, maybe more. bankruptcy won t save him from the $148 million debt. some debt can be wiped away ....