Will "Prepacks" Lead To More Chapter 22s?
While companies can utilize prepacks to achieve a rapid financial restructuring, they may forsake the opportunity to implement needed operational changes. As a result, more companies that emerge from Chapter 11 may need to refile, resulting in a phenomenon known as Chapter 22, which often entails liquidation.
Nevertheless, astute investors will find ways to benefit from these opportunities.
Benefits Of Prepacks
Ongoing turmoil in the...
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