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Alphaliner: Creditors will lose billions on Hanjin's bankruptcy

Selling assets in Hanjin Shipping has so far only cashed in a fraction of the bankrupt carrier's total debt. Creditors have until May 1 to file claims.
Photo: Stephen Carr/AP/Polfoto/Arkiv
Photo: Stephen Carr/AP/Polfoto/Arkiv
by OLE ANDERSEN

A court in Seoul has given creditors in bankrupt Hanjin Shipping a deadline of May 1 to file their claims in the collapsed carrier. But the chances of unsecured creditors receiving coverage on their outstanding debt is close to zero, according to analyst agency Alphaliner.

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