Recently by Blanka K. Wolfe
Finance
Preserving a Fundamental Bankruptcy Tool: Despite uncertainty, credit bidding continues to serve lenders and investors well in distressed industries
Credit bidding allows secured creditors to protect their collateral in a bankruptcy sale and can provide an opportunity to strategically acquire a company’s assets. It is a valuable tool for all secured lenders but especially for private equity firms, hedge funds and other distressed debt...
Read MoreBankruptcy & Restructuring
Preserving Value for Government Contractors in Bankruptcy: Anti-Assignment Act dictates careful planning before Chapter 11
The ability of a debtor in bankruptcy to retain valuable contracts while shedding burdensome ones is one of the greatest tools provided by the Bankruptcy Code. This power is critical to a debtor's chances of reorganizing successfully and extracting value from its assets, and is generally very...
Read MoreFood & Beverage
USDA Raises Hurdles to Bankruptcy Sales of PACA-Regulated Produce Businesses
One of the main advantages of purchasing a business out of bankruptcy is that the process can be quick, orderly and predictable. Yet, recently, the United States Department of Agriculture ("USDA") has challenged the ability of debtors that are produce vendors to sell their businesses...
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