Casaubon was out of the question, not merely because he declined duty of this sort, but because Featherstone had an especial dislike to him as the rector of his own parish, who had a lien on the land in the shape of tithe, also as the deliverer of morning sermons, which the old man, being in his pew and not at all sleepy, had been obliged to sit through with an inward snarl.
2bn of equity, the expectation was that second lien lenders, in the middle of the capital structure, would take over the company, wiping out the junior debt but paying senior debt holders 100 cents on the dollar.
