When a company files for Chapter 11 protection a second, third or even fourth time, who’s to blame?
This week, the Examiners will take on a not-infrequent occurrence in the restructuring world: the filing of so-called Chapter 22s, or companies that seek Chapter 11 protection a second time.
Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.