Atlantic City, N.J., is in the midst of a financial crisis that has been in the making for years. Increased competition and a host of unfortunate spending and hiring decisions have led to a state of affairs that currently features the nation’s highest ... Read full article
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Six years ago, in an otherwise unremarkable opinion, a court in Texas undermined one of the fundamental concepts embedded in the statute of frauds and deprived unsecured creditors of millions of dollars in value that would otherwise have been available to ... Read full article
One of the most contentious parts of bankruptcy is determining the value of the company filing for chapter 11. In fact, the valuation process was a major focus of the American Bankruptcy Institute’s Commission to Study the Reform of Chapter 11 , and many ... Read full article
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Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required? ... Read full article
For years, creditors unwilling to take the time (or risk) to wait for payments from a bankrupt company have been able to sell their claims to distressed investors. But as the secondary market has grown, so have questions about the practice. Distressed ... Read full article
People wait to enter U.S. Bankruptcy Court in New York Feb. 2, 2010. Brendan McDermid/Reuters The number of U.S. ... Read full article
When a community hospital closes or is sold to a for-profit operator, there is a loss to the community. Despite protestations by for-profit operators, a community loses something of value by the conversion of a nonprofit hospital to a for-profit ... Read full article
Kenneth Rosen’s recent op-ed “Claims Trading Warps the Bankruptcy System” reflects a yearning for the supposed good old days of bankruptcy practice when debtors were firmly in control of their cases, original creditors never sold their loans or claims and ... Read full article
A New York Times article published in October discusses how litigation financing may warp the legal system. The author posits that litigation finance gives rise to a litigation arms race, with speculative money aggravating the already-high costs of the ... Read full article
An oil-pumping unit, also known as a “nodding donkey” or pumping jack, operates at a drilling site. Restructuring professionals believe the majority of their work will be led by commodities-related companies as demand falls and prices across sectors ... Read full article
Clouds pass over the U.S. Capitol Building in Washington. ... Read full article
