Salvaging Values From Crashing Companies

Law360, New York (April 8, 2009, 12:00 AM EDT) -- This U.S. and global economic crash is unlike any other crisis faced during the lifetimes of today’s U.S. business executives, lawyers and other professionals, who are now confronting some extraordinary opportunities for buyers.

The concomitant challenges are numerous and often obvious. They all turn on a simple premise: during the next 18 months, billions of dollars in corporate debt will mature — an amount so staggering that for many U.S. companies it exceeds the depressed market values of their assets.

Many of the U.S. companies that...
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