-
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...
-
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...
-
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 ...
-
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 ...
-
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...
-
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...
-
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...
-
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 ...
-
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...
-
Upstream and Downstream Guarantees: Definitions and Examples
Something I’ve written about many times is that when it comes to restructuring, things mean what they’re defined to mean -- not what you think they...
-
Death Trap Provisions in Chapter 11 Cases: Coercion by Another Name
If you were asked to quickly define what the chapter 11 process involves – in no more than a sentence – a reasonable answer would be that it involv...
-
The Texas Two-Step Restructuring Strategy: Handling Mass Tort Claims
If we take a step back and ask ourselves what restructuring really is – at its most fundamental level, devoid of any verbiage – a reasonable answer...
Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device