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Weekly News – June 27

Ergen makes interest payment, Better Health holdouts fold, Del Monte LME Chapter 22, Serta blockers analyzed, Saks lifeline, and much, much more...

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Creditor Corner

Ergen makes interest payment, Better Health holdouts fold, Del Monte LME Chapter 22, Serta blockers analyzed, Saks lifeline, and much, much more...

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Featured Event
Webinar: Liability Management Exercises

Ian Feng, Covenant Review

Dan Kamensky, Creditor Rights Coalition

Wednesday, July 23

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Happy July 4th! We will see you again on July 13

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Tweet Of The Week

Private Credit versus Public Credit

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In the news

waving the white flag or more Game of Thrones?

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Better Health holdouts fold

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Our take:

The market will have to wait for additional guidance post-Serta for LME 3.0...

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LME Chapter 22

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will Serta insiders have to pay up for breach of contract??

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What we're watching

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The blocker playbook

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In the news

Neiman taking down Saks....

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show me the money!

Private Credit Dry Powder

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buying judgment champertous in 5th Cir...

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Data Download

the real economy...

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Upcoming Events

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Octus/Weil: Private Credit and LMEs

July 16, 2025
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NYU Stern: Distressed Foundations for Lawyers

July 30-31, 2025
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The Data Download

Bringing Transparency to the Bankruptcy Process

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Our Take:

The Daily Cost of BK Legal fees Are Increasing.

Are we shocked? No.

We took a deep dive to see what is driving up the daily cost of restructurings and the culprit: Increasing Legal Hourly Rates. We analyzed final fee apps for top debtor law firms from 2018 to 2024 and found average hourly legal fees have increased by over 65% since 2018. Maybe a little bit of sunlight is the right disinfectant to help remedy the problem....

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Topics

Rachel Albanese Phil Anker Jeffrey Cohen David Feldman Elliot Ganz Marc Heimowitz Dan Kamensky Evan Lederman Sidney Levinson Jim Millar Hon. Richard Schmidt Brian Resnick Damian Schaible Paul Silverstein