Not Good

Via Kevin Drum: Corporate-turnaround experts and bankruptcy lawyers are predicting a wave of retailer bankruptcies early next year, ... revision of the bankruptcy laws that screwed the rest of us is screwing retailers, too: Recent changes ... bankruptcy protection or scrambling to avoid that fate. Analysts estimate that from about 10% to 26 [more...]

Date: 2008-12-27 20:19:30

Blog posts (2) | Videos (3)
 

Icahn's stimulus package envisions an end to exclusivity

America's bankruptcy laws would look a whole lot different if corporate raider and self-styled shareholder activist Carl Icahn had a say in it. Icahn is no stranger to bankruptcy. He has put companies he owns into it, and he's bought many an asset out of it. And he thinks giving a debtor an exclusive period to submit a reorganization plan [more...]

Date: 2009-01-14 21:24:49

2 Results