Q&A with O'Melveny Myers' Michael J. Sage
Q. What's the most challenging bankruptcy you've worked on, and why?
A. The WorldCom/MCI bankruptcy. The primary reasons why WorldCom was the most challenging were the complexity of the multi-layered capital structure and the substantial amount of inter-company claims, most of which were themselves disputed claims. The fact that the WorldCom debtors had over $30 billion in claims against...
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