Hi.

Can someone explain the ramifications of a corporation issuing notes/bonds that are secured by BVI subs?

Is there even a point to this extra measure from the creditors perspective? Specifically, if the corporation defaults on their debt, can the creditors go after the BVI entities in any material way?
Thanks =)

I am sorry this is way above my knowledge level of securities law. Have you browsed through the information in LawInfo's Free Legal Resource Center to learn more about your issue yet? See: http://www.lawinfo.com/consumer.html and http://resources.lawinfo.com/en/index.html. You can certainly try to speak to a lawyer to determine what legal options may be available. In the meantime, you may be able to learn more on your own. Search the "Free Legal Resources" tab, or browse the Consumer Resources. Good luck.