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The Distress Debt and Bankruptcy Field
The distress debt and bankruptcy is a fascinating area because you know you could call it the corporate graveyard, but it's actually the corporate recycling arm of the capitalist economy. And often the investors in the equity are not aware that they're slowly becoming owners not of the system but a call option on a potential extraordinary future. But what the distress debt investors in conjunction with the bank are doing is they're setting up the kind of like the final demise of the firm,. at which point it gets dragged through bankruptcy something emerges the other side.