This chapter discusses various developments in high yield distress and bankruptcy cases, including attacks on the Seidjal plan, Sackler third-party releases in Purdue, and the Texas 2-step bankruptcy maneuver used by Johnson & Johnson.
On this week’s podcast the Americas Core Credit team discusses Texas two-step bankruptcies and how the liability management maneuver could be deployed in Johnson & Johnson and Imerys Talc.
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