• 11/13/2024

Top-Ranking Lenders See Diminishing Recoveries in Bankruptcy

Wall Street Journal

Top-ranking lenders continue to get less of their money back when companies go bankrupt as many firms head into chapter 11 with less junior debt to absorb the pain, and as aggressive debt restructurings can change who gets repaid first.

https://www.wsj.com/articles/top-ranking-lenders-see-diminishing-recoveries-in-bankruptcy-653af97e