Hertz Loses Another CFO
The company has suspended a $1 billion share sale and sought DIP financing. It filed for bankruptcy in May.
5 Common Misconceptions About the Chapter 11 Bankruptcy Process
Some perceive Chapter 11 as a fix-all for troubled companies, even though it’s not.
Not Every Financially Distressed Company Should Turn to Chapter 11
Financially distressed companies will find that Chapter 11 can be expensive, slow, and involve lots of oversight and reporting requirements.
Redefining ‘Extraordinary Circumstances’ in the Wake of COVID-19
For the “second phase” of the response to the pandemic, the question is whether business and financial counterparties will equally share the risk of loss.