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Some Lateral Restructuring Interview Questions and Other Stuff
It can seem like time in a flat circle and that we’ve somehow landed back to where we were only a few years ago with some tech stocks reaching eye-...
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Nonconsensual Third-Party Releases: The End of an Era
I’ve written many times before that the in-court process can seem, at first blush, to be one defined by a certain level of rigidity – as if debtors...
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Double-Dips: The Latest Restructuring Trend
In the world of restructuring, no matter where you go, and no matter who you talk to, you’ll eventually end up talking about drop-downs and non-pro...
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Disqualified Lender Lists: The Bendable Blacklists
Something that I’ve tried to touch on – successfully or otherwise – through many of my longer posts over the past year is that the world of restruc...
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Serta’s Chapter 11: Upholding the Uptier
The first weeks of summer are upon us, and that means flocks of summer analysts have descended on midtown and flocks of analysts are trying despera...
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Chapter 11 Fees: The Cost of Bankruptcy Isn’t Cheap
There’s a certain irony that a company filing – with some exceptions, as we discussed with LTL last summer – is usually not going to be flush with ...
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Indignation Over Incora: An Update on Their Uptier
The last time we talked about Incora, a complaint had recently dropped from some aggrieved Secured Noteholders that were left behind when Incora’s ...
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Bond Math Interview Questions: Some Things Worth Knowing
As you know if you’ve gone through the guides or have read enough posts around here, a relatively common type of restructuring interview question r...
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Chapter 11 Cases in 2022: A Tale of Two Halves
The past year in the world of restructuring – at least when it comes to in-court cases – was a tale of two halves. The first half of the year saw t...
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Incora’s Restructuring: An Unruly Uptier Transaction
There’s no getting around the fact that a lot of the reading you’ll have to do as an analyst or associate in restructuring is going to be dry, tedi...
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How Higher Rates Will Influence the Next Restructuring Cycle
Monetary policy famously works with long and variable lags and restructuring investment bankers are finding this out the hard way. Even though the ...
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Cramdown in Chapter 11: Balancing Equity and Efficiency in Bankruptcy
The aim of every chapter 11 case is to balance providing equitable treatment to pre-existing creditors with the need to try to create the most effi...
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