Topic
Debt Restructuring
140 published works
Delaware Bankruptcy Update
Xerium Technologies Files Bankruptcy, Hoping to Cut Its Debt by $160 Million
Equipment maker, Xerium Technologies, filed chapter 11 petitions for bankruptcy on March 30th in the United States Bankruptcy Court for the District of Delaware. According to the Declaration filed by Xerium's…
Delaware Bankruptcy Update
A Closer Look at the Cooper-Standard Automotive Bankruptcy
Introduction With over $1.1 billion in debt, Cooper-Standard Automotive filed for bankruptcy on August 3, 2009 in the United States Bankruptcy Court for the District of Delaware. Based in Novi, Michigan,…
In Solvency
R. H. Donnelley Corporation Files for Bankruptcy Hoping to Implement a Pre-Bankruptcy Restructuring Agreement With Certain Creditors
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction R.H. Donnelly Corporation ("Donnelly" or the "Debtor"), the Cary, North Carolina publisher of phone directories, filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware on May…
The Right Coast
Why can’t those silly creditors see that the Government just wants to help them? Tom Smith
What a hoot:Earlier Thursday an administration official said the restructuring of Chrysler LLC will go forward even though a handful of hedge funds have refused to accept the Treasury Department's…
In Solvency
Source Interlink, One of the Largest Magazine Publishers and Distributors in North America, Files for Bankruptcy
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction On April 27, 2009, Source Interlink and 17 of its affiliates (the "Debtors") filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the District of Delaware. …
Labor Law Prof Blog
Chysler Dodging Bankruptcy Bullet?
Despite a couple of recent posts on an imminent bankruptcy filing by Chrysler (see here and here), it's now appearing that the carmaker may be able to avoid bankruptcy. The…
Virgin Islands Law Blog
Stimulus Legislation Provides Tax Relief For Certain Debt Restructurings
By Tom Bolt
One of the most significant tax provisions contained in the recently enacted American Recovery and Reinvestment Act of 2009 might prove helpful to certain taxpayers looking to restructure their balance…
Real Estate & Construction Law
Economic Stimulus Bill Provides Borrowers Incentive To Restructure Debt Today
On February 17,2009, the American Recovery and Reinvestment Act of 2009 (the “Act”) was enacted. The Act is an approximately $787 billion stimulus package that is aimed at addressing the current…
China Law Insight
Debt Restructuring — Second Life for a Distressed Company
By Liu Yanling, Partner and head of King & Wood's Bankruptcy, Restructuring & Insolvency Practice Stellar Megaunion Corporation ("SMC") was in serious debt, as it could barely repay its liabilities. New…
The Right Coast
Let’s do a cram down, not a bailout Tom Smith
This strikes me as an idea worth considering seriously. Instead of having the US buy toxic assets, do a cram down swapping debt for equity in the troubled institutions. Or…