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....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.