J. Salerno & Jordan A. Kroop , Squire Sanders &
Dempsey LLP, Phoenix
Hon. Redfield T. Baum ,
U.S.B.C.-District of Arizona
Only eight professional sports teams have sought
bankruptcy protection since the U.S. Bankruptcy Code was enacted in 1978. Unlike sport team insolvencies...
by Thomas J. Salerno , Jordan A. Kroop and Hon. Redfield T. Baum
Like any operating business in
chapter 11, sports teams need working capital to maintain business as usual
during the course of a chapter 11 case. Outside of a sports context, a debtor
in possession typically obtains working...