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Creditor Corner
Your weekly curated content from the Creditor Rights Coalition
Post the slap-down in Incora, Platinum Equity is back at it yet again. This time, combining technology from Better Health with a double-dip to avoid some of the pro rata limitations from Serta.
We’re betting reducing leverage less than 1x on an 11x levered sh*tco won’t help this turd avoid the dumpster fire trash heap of LME detritus.
What we’re reading
Legal fees skyrocketing….
Our take:
The CRC launched its Data Download to provide transparency into the increasing costs of bankruptcy. See our most recent research below:
The Data Download
Bringing Transparency to the Bankruptcy Process
Click Above to Access The Data Download
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….
In the news
lesson learned? We doubt it…
Featured Content
up…up…up and away….
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In the news
more retail pain
Featured Content
A look back….
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Data Downl0ad
elephant in the coal mine…
Data Downl0ad
canary in the coal mine…
Private Credit Downgrade to Upgrade Ratio
Source: KBRA, thank you to JFL Lehman Credit
Interest Coverage Ratio of Private Credit versus Public Borrowers
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