Talking distressed with David Turetsky of White & Case
Debtwired!
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The Implications of Lack of Lender Protection
This chapter discusses the impact of covenant light debt versus debt with covenants on companies and lenders, exploring potential strategies such as creditor violence and asset stripping. It also delves into the challenges faced by distressed companies and the likelihood of needing rescue financing, including the possibility of raising new financing through a chapter 11 filing.
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