The Court approved the swaps settlement.

The earlier you get on board, the better the deal gets. The longer you take, the more likely other classes of creditors settle out and leave even less for you.

With today's ruling, there exist enough creditors in favor the bankruptcy plan that the Court can do a "cram down" and force everyone else to hold their nose and swallow.

I feel very bad for the pensioners. And their leadership is accustomed to two-party negotiations. This is a totally different ballpark, and you've got multiple creditors negotiating for the same pie.

Don't make it any worse than it has to get.

http://www.freep.com/article/2014041...ion-bankruptcy