The professors offered a new way to resolve bankruptcies, based on a two-tiered auction.
Without them, it is difficult, for instance, to offer collateral against a loan, or to resolve bankruptcies quickly and smoothly.Faster and more accurate disclosure of information too is desirable in itself, for governments as well as for banks and private companies.
Kevyn Orr, the emergency manager appointed by Michigan Gov. Rick Snyder, says that resolving the bankruptcy requires all "assets" to be on the table.
Dewey Hopes to Resolve Bankruptcy Quickly | As Dewey & LeBoeuf began its bankruptcy proceedings on Tuesday, its advisers said their aim was to speed the failed law firm through Chapter 11.
DealBook » Dewey Hopes to Resolve Bankruptcy Quickly | Among the chief near-term goals of the firm's advisers is reaching an agreement to recover money from some of the firm's former partners, Mr. de la Merced and Mr. Lattman reported.
That helped Central Falls resolve its bankruptcy quickly, but no one thinks Michigan could pass such a law.
I urged the judge, when he looked for the best possible way to resolve this bankruptcy, to choose a buyer who would keep the purchase whole, including the brand name and the intellectual property — the recipes — and the factory, so that we could bring Archway back to life in Ashland.
Nextel Communications nxtl surged after the Department of Justice and the Federal Communications Commission said they would allow it to secure the wireless spectrum from NextWave Personal Communications under a deal in which Nextel helps NextWave resolve its bankruptcy case.
On the bright side, Nextel Communications nxtl surged after the Department of Justice and the Federal Communications Commission said they would allow it to secure the wireless spectrum from NextWave Personal Communications under a deal in which Nextel helps NextWave resolve its bankruptcy case.
The Federal Deposit Insurance Corp. said October blueprints submitted by banks, including JPMorgan Chase, Goldman Sachs and Bank of America, detailing how they think they'd be resolved in bankruptcy if they neared collapse were "not credible".
