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By: Ira L. Herman , Blank Rome, LLP
The Statutory Predicate for Recharacterization
To increase their share of a finite bankruptcy pie, creditors, debtors and other parties in interest in a case will seek to reduce or eliminate competing claims. This objective may be accomplished using various provisions...
By: Ira L. Herman , Thompson & Knight LLP
The price of crude oil, like the price of virtually all commodities, moves up in times of high demand and down in times of excess capacity. When a mismatch exists between supply and demand, the markets are expected to self-correct. Excess supply should...
By: Cameron Kinvig
LEXIS PRACTICE ADVISOR RESEARCH PATH: Financial Restructuring & Bankruptcy > Identifying Bankruptcy Risk > Oil and Gas Agreements > Practice Notes
With oil prices at multi-year lows, the upstream oil and gas industry is reeling. Many exploration and production concerns...