If anyone still thinks that Terry is a viable owner then you are in cuckoo land. There is more shiite to come, more people wanting their money. The IRD, ACC and Council rates demands are luking on the horizon. There will be no "orderly selldown of assets". Terry's assessment that his debts are less than his assets is wildely speculative and most certainly wrong.
Wow, it's so good to have an expert on finance posting to this forum. Or possibly a psychic, I'm not sure. Or a third option - someone who doesn't know what they're talking about and is making up worst-case scenarios. Please give sources or evidence for all of your above statements, and "some guy told me in a bar" isn't evidence.