Bankruptcies & Reorganizations - Cullen Speckhart, Cooley LLP
The HLEP Podcast
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How Private Companies Can Affect the Goals of Bankruptcy
When a public company gets to a place in its liquidity profile where the runway is very, very short, sometimes it becomes the company's reality that it doesn't have the ability to either fund a wind down under state law. And so sometimes what we see with public companies is difficulty in even thinking about how to wind down if that has to happen. A public company looking to wind down without the ability to do it out of court will have few options outside of bankruptcy to try to do that.
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