Distressed Investors Say Bankruptcy Is Too Expensive

Law360, Las Vegas (February 6, 2014, 5:07 PM EST) -- Chapter 11 bankruptcies have become too expensive, prompting distressed debt investors to seek ways to take over a struggling company that do not involve stepping foot in a courtroom, a group of investors said during a panel discussion Thursday.

During a panel at the TMA Distressed Investing Conference in Las Vegas, distressed investors said that the downward trend in business bankruptcy filings in the last few years is not only a result of the wide availability of capital for debt-ridden businesses, but the associated professional costs....
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