Partner Jay Indyke Quoted on Mounting Pressure for Bankrupt Companies to Sell Quickly (The Wall Street Journal)

Cooley Bankruptcy & Restructuring partner Jay Indyke is quoted in The Wall Street Journal on the increasing pressure that banks and other lenders are putting on bankrupt companies to sell themselves quickly.

Mr. Indyke ellaborates on how expedited timing addresses only the concerns of lenders. The approach does not maximize a company's value and can therefore adversely affect more junior creditors who are left to divide any remaining proceeds only after the lenders are paid. 

View the WSJ article here.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.