Auctions Point To A Changing Bankruptcy Market
Assets are rapidly changing hands, as hopeful bidders fiercely compete for the beleaguered businesses, says Peter Gilhuly, a bankruptcy partner at Latham & Watkins.
“Judges used to be reluctant to sell without a reorganization plan,” he says. “What has happened is that the court now looks and says we don’t have time, we need to sell the assets. There are...
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