Bankruptcy Practice: Paul Hastings

Law360, New York (December 10, 2008, 12:00 AM EST) -- Without access to credit markets, many companies are going to be hitting the wall quicker than ever before, according to Richard A. Chesley, who chairs Paul Hastings Janofsky & Walker LLP’s Chicago office and specializes in restructuring litigation and bankruptcy transactions.

Companies are in store for some sobering discussions with the squeeze on credit and the downturn affecting so many areas of the economy. Chesley said how far and deep the downturn will spread is still hard to make out, but one outcome seems clear....
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