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Incora’s Chapter 11: What Can Be, Unburdened by What Has Been
Through the Cold War we saw the selective invocation of the domino theory which stated – or at least we’ll pretend it stated to make this stretched...
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Liability Management Exercises: An Ambiguous Acronym
There are many bad habits that lawyers have – but one of them that has knock-on ramifications on all of us is a pension for coining acronyms that s...
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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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