Dec. 4 -- China's second largest real estate developer, "Evergrande" faces dissolution in Bankruptcy Court today, December 4, 2023.
Globally, Banks hold nearly $1 TRILLION in Bonds and Loans of Evergrande Real Estate Company and their failed Electric Vehicles Division.
If Bondholders do not accept Evergrande's poor solution of taking equity in the insolvent company, Evergrande will be formally dissolved and all remaining assets of the heavily-indebted company will be sold-off En-masse, leaving as little as Zero to Five Percent repayment to Creditors.
