Are the Foxes Guarding the Henhouse?
"There has been an explosion of bankruptcy filings that were arguably precipitated by leveraged buyouts and private-equity-backed transactions. Two recent examples are Toys R Us and Sears, both of which were saddled with billions of dollars in debt as a result of leveraged buyouts by private equity funds. Those types of transactions are frequently the target of investigations by creditors’ committees in bankruptcy cases and may be an important tool for a creditors’ committee to use to procure recoveries for general unsecured creditors."
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