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Navigating Bankruptcy Complexity: The Citgo Case
This chapter explores the intricate relationship between bankruptcy policy and corporate structures, using the Citgo case as a focal point. It delves into the claims of creditors, the implications of asset liquidation, and the challenges posed by historical insolvency issues, drawing parallels to railroad bankruptcies in the 1860s. The discussion also addresses the impact of US sanctions and the need for a cohesive resolution framework amidst competing creditor interests.