Ultimately this has served no purpose for pwc. ie they got no money out of the exercise. I think it was pretty obvious that eclear had no funds. It also comes as no surprise that globespan were using eclear, they had to. Globespan debt was uninsurable for some time before their collapse. It's a red herring to blame ecear were responsible for the airlines collapse, it was in a shocking state anyway. BTW I don't want to give the impression that I am sticking up for eclear I'm not.