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Special Report on

Bankruptcy and Financial Restructuring

bankruptcy and financial restructuring special research report Photo by www.wileyrein.com
As the economy continues to slow, a number of experts anticipate a virtual flood of bankruptcies and restructurings in the coming months. U.S. consumer bankruptcy filings already jumped nearly 31% last month versus a year ago, according to the American Bankruptcy Institute (ABI), citing data from the National Bankruptcy Research Center (NBKRC). Moreover, ABI says the total number of U.S. bankruptcies filed during the first three months of 2008 increased almost 27% over the same period in 2007 in all bankruptcy court districts, according to data released by the Administrative Office of the U.S. Courts. “At current trends, ...
(Article 1, Section 8, Clause 4) which authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States." Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978 , codified in Title 11 of the United States Code , commonly referred to as the Bankruptcy Code ("Code"). The Code has been amended several times since 1978, most recently in 2005 through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 or BAPCPA . Some law relevant to bankruptcy is found in other parts of the United States ...
REVIEWS AND OPINIONS
The Churn: Lateral Moves and Promotions in The Am Law 200
Correction, 5/11/2010 at 11:15 a.m. - The news below of Timothy Pfister's move from Patton Boggs to Sullivan & Worcester included an error from Sullivan & Worcester's press release announcing the move; Pfister had been a partner at Patton Boggs, not of counsel. Kate Moseley has joined Alston & Bird as a partner in the firm's global finance practice. She will be resident in the Dallas office and will represent Alston & Bird's financial clients to manage debt financings, syndicated transactions, and restructurings and workouts. She has represented financial institutions, commercial investment ... market research, surveys and trends
Chadbourne & Parke LLP Awards First Middle East-North Africa ...
NEW YORK, May 11 /PRNewswire/ — The international law firm of Chadbourne & Parke LLP announced today that it has awarded its first Middle East-North Africa (MENA) Student Fellowship to Jacob A. Zenn, currently enrolled at Georgetown University Law Center.   Reflecting the importance to Chadbourne of its MENA practice and of the firm’s commitment to the region, the Fellowship Program provides a grant to fund the summer internship of one J.D. or LL.M. student with a not-for-profit organization. The organization proposed by the student must be an entity that assists in efforts to strengthen community relations, further ... market research, surveys and trends

SURVEY RESULTS FOR
BANKRUPTCY AND FINANCIAL RESTRUCTURING

The Bankruptcy Files: Aviation, Pharmaceuticals, and Real Estate
Michael Lurey, cochair of the global insolvency practice at Latham & Watkins in Los Angeles, is serving as bankruptcy counsel to Spansion along with financial restructuring partners Gregory Lunt and Glen Collyer and M&A partner Tad Freese.  Latham listed billing rates  between $750 and $1,050 per hour for partners, $695 and $975 for counsel, and $370 and $725 for associates. Michael Lastowski, managing partner of the Wilmington office of Duane Morris, has been retained by Spansion as Delaware bankruptcy counsel. Spansion has also turned to a team of lawyers from Baker & McKenzie in San Francisco to serve as ... industry trends, business articles and survey research
Bankruptcy Professional
Welcome to Bankruptcy News Makers. Here you�ll find breaking news on hiring, promotions, company restructuring and other significant events across the bankruptcy industry.  Click here to report an industry event you think we should know about.   GCG Promotes Christi Cannon to Director, Business Development The Garden City Group, Inc. (GCG), one of the largest claims administration firms in the country, announced that Christi Cannon has been promoted to director of business development. She has been with the firm since 2007 and was previously a senior account executive. Based in Atlanta, Cannon supervises ... industry trends, business articles and survey research
RELATED NEWS
Alejandro Landa Joins Chadbourne & Parke Mexico City Office
The international law firm of Chadbourne & Parke LLP announced today that Alejandro Landa has joined the firm as counsel in the Mexico City office. Mr. Landa has advised Mexican and foreign companies and financial institutions on the corporate finance components of public bids, mergers and acquisitions, joint ventures, and domestic and cross-border asset-backed securitizations. His experience includes knowledge of regulatory procedures and preparation of filings with the Mexico Ministry of Finance, the National Banking and Securities Commission, PEMEX and other federal and local government entities. He also advises on general ... market trends, news research and surveys resources
Abitibi, Controladora, Almatis, General Growth, Texas Rangers: Bankruptcy
the largest newsprint maker in North America, is pursuing a fourth and last extension of the exclusive right to propose a Chapter 11 plan. Although Abitibi has a reorganization plan on file, the new exclusivity motion said there are talks with “key creditor constituencies” about “certain amendments.” Aurelius Capital Management LP and Contrarian Capital Management LLC previously claimed to have a blocking position due to their ownership of notes representing more than a third of unsecured claims against Bowater. Because bankruptcy law limits a reorganizing company’s right to retain so-called exclusivity to 18 months, the latest ... market trends, news research and surveys resources

INFORMATION RESOURCES

Bankruptcy and Corporate Restructurings in Mexico: Recent ...
Howard Seife, global chair of the Firm's bankruptcy and financial restructuring practice, has represented clients in reorganizations, both domestically and ... technology research, surveys study and trend statistics
Obama Administration Auto Restructuring Initiative | The White House
                                April 30, 2009 Obama Administration Auto Restructuring Initiative Chrysler-Fiat Alliance On March 30, 2009, President Obama laid out a framework for Chrysler to achieve viability by partnering with the international car company Fiat. After a month of close engagement with the President’s Auto Task Force, Chrysler, Fiat and their key stakeholders have made unprecedented sacrifices and executed an agreement that positions Chrysler for a ... technology research, surveys study and trend statistics
Giddy: Corporate financial restructuring
Corporate restructuring entails any fundamental change in a company's business or financial structure, designed to increase the company's value to shareholders or creditor. Corporate restructuring is often divided into two parts:  financial restructuring and operational restructuring. Financial restructuring relates to improvements in the capital structure of the firm. An example of financial restructuring would be to add debt to lower the corporation's overall cost of capital. For otherwise viable firms under stress it may mean debt rescheduling or equity-for-debt swaps based on the strength of the ...
REAL TIME
BANKRUPTCY AND FINANCIAL RESTRUCTURING
QUESTIONS AND ANSWERS
Has the parent company of Linens and Things filed for Chapter ...
Home Furnishing Chain Remains Open For Business without Interruption; Company Secures $700 million in DIP Financing from General Electric Capital Corp. Restructuring Plan Includes Closure of 120 Underperforming Stores Company Chairman & CEO Robert DiNicola to become Executive Chairman; Financial Restructuring Expert, Michael Gries, Named Chief Restructuring Officer and Interim CEO CLIFTON, N.J. -- Linens Holding Co. ("LNT" or the "Company"), a leading home furnishings specialty retailer operating as "Linens 'n Things," announced today that the Company and its U.S. subsidiaries have filed a ...
Business Debt: personal bankruptcy and business credit cards ...
As President of SettleSource,Inc. a business debt settlement firm, I invite you to inquire about all aspects of business debt solutions to best determine which may be most appropriate. If you have questions such as: What is debt settlement and how process provide debt relief to my business? What options are available to deal with my business debts? Is it possible for a business owner to negotiate their own settlements? Why is debt settlement preferable to filing a bankruptcy or debt consolidation? Why are creditors willing to provide settlements to a business? How will settling debts affect credit scores? or How to rebuild a ...