Therefore, a rival filing for a prepackaged bankruptcy
might convey positive information to the market since empirical evidence (e.g., Tashjian et al (1996) show that prepackaged bankruptcies are associated with a higher likelihood of emerging as standalone firms from the Chapter 11 process).
One of the innovations of the Code was the creation of the prepackaged bankruptcy
The company will commence the solicitation of votes to accept or reject the plan, and commence its prepackaged bankruptcy
case in the U.S.
A prepackaged bankruptcy
is essentially a Chapter 11 plan that provides treatment of all classes of creditors on a consensual basis and is filed at the same time as the bankruptcy, Nathan further explained.
Hercules Offshore, Inc.'s prepackaged bankruptcy
filed may be a leading indicator of further bankruptcies among other challenged high yield (HY) offshore drillers, according to Fitch Ratings.
Part 4 explains how corporations can recover from financial distress; this section offers several chapters on bankruptcy, as well as nonbankruptcy exchange offers and prepackaged bankruptcy
"This is not your typical bankruptcy,"emphasized the diocese's lead attorney, Michael Patterson, describing the filing as "a consensual, prepackaged bankruptcy
As part of the plan, GateHouse will file a prepackaged bankruptcy
next week, Fortress Co-Chairman Wesley Edens said during a conference call Wednesday.
One partner who recently defected from Dewey speculated that the firm could be preparing for a "prepackaged bankruptcy
" that could involve merging with another law firm.
Blank Rome Real Estate and Financial Services Department chair Martin Luskin led the team that represented the owners of 885 Third Avenue, the iconic New York City office building known as the "Lipstick Building, in a prepackaged bankruptcy
that resulted in the restructuring of debt and equity positions.
Next, a negative sign on PREPACKAGE is expected because a prepackaged bankruptcy
should have a more adverse effect on industry rivals.
Under a new prepackaged bankruptcy
deal, the company's bondholders would get stock in the new business.