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.

Related Contacts
Jay Indyke Partner, New York
Related Practices & Industries

Business Restructuring & Reorganization