You're asking whether, if the pension deficit had a spot perhaps behind secured creditors but ahead of unsecured creditors, that would be a good compromise.
I would say it could be a good compromise in some situations. CCAA insolvencies can be very complicated and nuanced. It depends on the liquidation value of the company. It depends on the position of all these creditors and how much there is to go around. It could be that your secured creditors are going to recover everything and there will be nothing left for pensioners. It could be that it is sufficient for payouts to unsecured creditors even after the pension deficit. It really depends on the CCAA—