William Hotze, a partner at Dykema with a focus on bankruptcy and restructuring, dives into the intricate world of liability management transactions in bankruptcy. He revisits significant cases like Serta, Robertshaw, and Wesco, shedding light on the unique challenges these companies face. The conversation highlights critical lender litigation and the complexities of legal strategies within bankruptcy proceedings, revealing how precise documentation can influence outcomes. Hotze's insights underscore the dynamic nature of restructuring in this evolving field.