Although predictions are inherently risky, even a cursory review of recent business headlines in the United States might raise the question whether, after years of increasing leverage and...
When a company finds itself hard-pressed to pay its debts, its officers and directors often must make difficult decisions, frequently under challenging constraints. Many of those choices ...
Remember the old U.S. Army TV ad that said something to the effect of “we get more done before breakfast than most people get done all day?” Well, it’s hard to imagine that anyone g...
Can you imagine the reaction the first time a lender said, “Hey, let’s lend large sums of money to a bankrupt company!”? As it turns out, lending to a debtor in possession can be a ...
