Courts look closer at bankruptcy remote financing deals and find they may be lacking

The Bottom Line:

Filed under:
USA, Illinois, Insolvency & Restructuring, Litigation, Securitization & Structured Finance, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Accounts receivable, United States bankruptcy court, Seventh Circuit, US District Court for Northern District of Illinois
Authors:
Lauren Macksoud , Darren Halverson
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Junior noteholder gets “ZING’d” as Bankruptcy Court allows involuntary filing of CDO issuer by senior noteholder

The Bottom Line:

Filed under:
USA, New Jersey, Insolvency & Restructuring, Litigation, Securitization & Structured Finance, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Debtor, Collateral (finance), Security (finance), Liquidation, Collateralized debt obligation, Bank of New York Mellon, Trustee, United States bankruptcy court, US District Court for District of New Jersey
Authors:
Lauren Macksoud
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Junior noteholder gets “ZING’d” as Bankruptcy Court allows involuntary filing of CDO issuer by senior noteholder

The Bottom Line:

Filed under:
USA, New Jersey, Insolvency & Restructuring, Litigation, Securitization & Structured Finance, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Debtor, Collateral (finance), Security (finance), Liquidation, Collateralized debt obligation, Bank of New York Mellon, United States bankruptcy court, US District Court for District of New Jersey, Trustee
Authors:
Lauren Macksoud
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP