By nearly any measure, the Chapter 11 cases of Hawker Beechcraft and its affiliates
(the "Debtors") stand as a significant success. The cases began
as a standalone reorganization predicated upon a restructuring support
agreement (the "RSA"...
Even as the financial crisis of 2008-09 began to ebb, the so-called "wall of debt" loomed large . Hundreds of billions of dollars of leveraged and high yield debt issued during the irrational exuberance era was coming due by 2014, threatening...
Large law firm failures typically produce lengthy and litigious bankruptcy cases . A frustrated lawyer in one such case succinctly described the essential problem: "the assets walk, talk and, worst of all, have their own counsel." To the inherent...
has seen signs
of revival in its urban core following the near-death experiences of GM and
Chrysler. Unfortunately, its municipal finances remain beaten down by the
city's long and precipitous decline over the past several decades. Labor...
by Ben Feder
battle in California municipal bankruptcies between bond investors and Calpers ,
the California public employee pension system, began in the Stockton Chapter 9
bankruptcy case and continues unabated in the bankruptcy
case of San...
Atari, Inc., the creator of the primordial video game " Pong ", filed
for Chapter 11 Jan. 21 in the U.S. Bankruptcy Court for the Southern
District of New York. Its parent company, Atari SA, simultaneously sought
bankruptcy protection in...
by Ben Feder
Specialty chapter 11 case began in what has become all too typical
fashion. The company, overleveraged and short of cash, had no choice but
to accept a lifeline extended by its second lien secured lender, a private