The great unwind has begun – Business Insider

Business InsiderThe great unwind has begunBusiness InsiderBut it has begun to hiss hot air at the margins where the riskiest junk bonds, rated CCC or below, have plunged in value and where average yields have soared from a ludicrous low of 8% a year ago to over 13% now. … Plus grocery chain A&P (it's second …and more »

Chicago Bankruptcy Expert Brian P. Deshur Shares His 2 Cents on the 50 Cent … – Benzinga

Chicago Bankruptcy Expert Brian P. Deshur Shares His 2 Cents on the 50 Cent …BenzingaDeshur notes, however, that "the U.S. Trustee or a judgment creditor can force the conversion of a Chapter 11 case to one arising under Chapter 7," which is what one of the creditors could do in 50 Cent's bankruptcy. The purpose of this, explained …and more »

Puerto Rican Bond Default Raises Likelihood of US Bailout – National Legal and Policy Center

National Legal and Policy CenterPuerto Rican Bond Default Raises Likelihood of US BailoutNational Legal and Policy CenterIf advocacy of formal statehood remains a minority view, advocacy of de facto statehood – and that is what the Chapter 9 bankruptcy legislation is all about – is increasingly popular. And passage would ease the way to formal statehood. As I argued in …and more »

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