The next topic is how to avoid losses in buying junk debt. From there, Rochelle discusses why U.S. bondholders were able to force Vitro SAB to pay See more +
The next topic is how to avoid losses in buying junk debt. From there, Rochelle discusses why U.S. bondholders were able to force Vitro SAB to pay perhaps twice as much in settlement as the Mexican glass maker intended under a foreign reorganization plan the U.S. courts won't enforce.
The worst may be over for bankruptcy professionals, because Rochelle says the decline in filings may have bottomed out. To conclude the video, Rochelle points out a case the Delaware bankruptcy court should send to Michigan and a bankruptcy before the U.S. Court of Appeals in San Francisco that could end up in the U.S. Supreme Court. See less -
Topics: American Airlines, Asset Diversification, Bonds, Chapter 13, Chapter 7, Junk Debt, Liquidation, SCOTUS, Split of Authority, US Airways, Vitro Sab
Bankruptcy Updates, Finance & Banking Updates, International Law & Trade Updates, Mergers & Acquisitions Updates, Securities Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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