Debt of latitude

Segal, Nick
January 2007
Lawyer;1/15/2007, Vol. 21 Issue 2, p32
Trade Publication
The author reflects on the impact of the U.S. bankruptcy practice on Great Britain and European financial restructurings. The author inferred that the schemes for financially distressed debtors is one aspect of the restructuring law in Europe where there is an increasing pressure to adopt the U.S. system. He believed that the U.S. method to valuations must be treated as part of a wider custom-made balancing of the interests of senior and junior creditors within the Chapter 11 clause.


Related Articles

  • PERSONAL INSOLVENCY. DELEANU, Diana // International Conference : CKS - Challenges of the Knowledge Soc;2015, p225 

    In 2014 a draft bill on personal insolvency reached public debate, stirring controversy in both financial and academic environment. The current paper aims at analyzing the merits and weak points of the draft bill.

  • Determinants of the Choice of Formal Bankruptcy Procedure: An International Comparison of Reorganization and Liquidation. Wang, Chien-An // Emerging Markets Finance & Trade;Mar/Apr2012, Vol. 48 Issue 2, p4 

    Application of a logit regression model to 555 bankruptcy filings from 30 countries from 1993 to 2009 provides insight into the factors that determined the outcomes of two formal bankruptcy resolution procedures, reorganization, and liquidation. The evidence shows that the judicial efficiency of...

  • Après-scheme. Pilkington, Christian; Heverin, Kevin // Lawyer;6/27/2011, Vol. 25 Issue 26, p26 

    The article discusses the need by complex corporate reorganizations for an English law scheme which can provide a compromise with creditors outside the scope of formal bankruptcy proceedings. It notes that the potential hold-out value of dissident creditor minorities can be counteracted by a...

  • New refinancing proceedings under Spanish Law. Bou, Agustín // Insolvency & Restructuring International;Sept2014, Vol. 8 Issue 2, p39 

    The article discusses the modification of the Spanish Insolvency Act to simplify the restructuring and refinancing processes of viable debtor companies. It focuses on two types of refinancing agreements provided by the Insolvency Act including individual agreements executed with one single...

  • Footstar Emerges From Bankruptcy. Zmuda, Natalie // FN: Footwear News;2/13/2006, Vol. 62 Issue 7, p2 

    This article reports on the emergence of Footstar from bankruptcy in the U.S. as of February 2006. After nearly two years in bankruptcy, Footstar has emerged from Chapter 11. The reorganization plan of the company was confirmed by the U.S. Bankruptcy Court in late January 2006 and went into...

  • Less than 20% for Enron Creditors.  // American Banker;7/14/2003, Vol. 168 Issue 133, p10 

    States that Enron Corp. agreed to pay some creditors one-fifth of what they are owed, in an effort to get out of Chapter 11 bankruptcy protection in New York City. Discussion of the reorganization plan in which unsecured creditors should get 70% of their payments in cash; Background on the...

  • Financial Markets and the Investment Environment: 2.6 New Regulations for Bankruptcy Procedures.  // Doing Business with Serbia & Montenegro;2006, p93 

    Presents the new regulations for bankruptcy procedures in Serbia. Role of a bankruptcy judge in bankruptcy proceedings; Classification of claims of creditors; Reorganization.

  • SECTION 363 SALES: MOOTING DUE PROCESS? RAYKIN, ALLA // Emory Bankruptcy Developments Journal;2012, Vol. 29 Issue 1, p91 

    The use of § 363 sales has become immensely popular. The mechanism is no longer used just to get cash funding through the reorganization, but to dispose of the bankruptcy petition altogether. The primary benefit of § 363 sales is their speed. The Lehman Brothers, Chrysler, and General...

  • CRACKING THE CODE. Barron, Jacob // Business Credit;May2013, Vol. 115 Issue 5, p28 

    The article discusses the substantive revision to the US. Bankruptcy Code in 1978 with the passage of the Bankruptcy Reform Act. The new bankruptcy law excludes some updates made by the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005. The law changes the way buyers and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics