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ABI Journal

Finance and Banking

Tuesday, September 15, 2020
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Tuesday, September 15, 2020
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Tuesday, September 15, 2020
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New York Judge Nixes $2.45 Billion in DIP Financing as a Sub Rosa Plan

Even though the price and terms were ‘entirely fair,’ Bankruptcy Judge Garrity disapproved DIP financing that would have locked in the right of controlling shareholders to purchase new stock at a 20% discount.

Monday, September 14, 2020
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Monday, September 14, 2020
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Friday, September 11, 2020
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Friday, September 11, 2020
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Rejection Didn’t Rescind Sale of Future Credit Card Receivables, New York Judge Says

Bankruptcy Judge Glenn hints that the lenders and the debtor should mediate tough questions about the enforceability of a $150 million ‘sale’ of future credit card receivables.

Thursday, September 10, 2020
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