Weekly News – September 12
A deep dive into Spirit Airlines, new guidance issued prohibiting judge shopping, Echostar mega deal surprise, Texas Two Step doesn’t fly in Delaware, and much, much more…
Creditor Corner |
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Your weekly curated content from the Creditor Rights Coalition |
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In this Week’s Creditor Corner Incora opinion shocker, Claire’s photo finish, EchoStar windfall, Judge Shannon & Scott Greenberg podcasts, why are chapter 22s on the rise? and much, much more…
Featured Content Bruce Richards on the Markets Weighing in on Rate Cuts |
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Tweet Of The Weekshocker of the week! |
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Exclusive Content |
Shocker! |
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Our take: What the court giveth, the court hath taken away…. The District Court reverses Judge Isgur’s decision and allows the Incora/Wesco uptier to go forward, But what does it mean for LMEs going forward? Are we back to the one-sided winner-take-all variety or the kinder/ gentler approach? Our gut is that not much has changed… The Incora/Wesco case involved a challenge to an uptiering of high yield bonds. High yield bonds have never required pro rata treatment so we don’t believe the case should affect how courts view uptiering transactions in the loan market. We’ll report back after we read the published Opinion. |
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Exclusive Content |
sitting in the hot seat! |
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Exclusive Content |
explosive deal! Part Deux! |
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Exclusive Content |
explosive deal! Part Deux! |
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What we’re watching |
Webinar Replay |
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Our take: Holding out can have high risk but high reward; hold outs in Del Monte who decided to challenge the transactions ended up getting paid off at par while AMC holdouts were offered the opportunity to participate in the main deal. You don’t want to miss this one! |
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Podcast of the Week |
Judge Shannon speaks up! |
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Exclusive Content |
Practice pointers from the experts |
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Our take: We bring you these exclusive expert insights to help our subscribers analyze the latest LME trends. |
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Exclusive Content |
why are chapter 22s on the rise? |
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What we’re listening to |
Scott Greenberg on European trends and the US market…. |
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Featured Content |
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Click above to access content To follow Bruce’s thoughts on the markets, investing and more, follow @bruce_markets |
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In the news |
rate cuts galore! |
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NCBJ Annual Meeting (Chicago) |
September 17, 2025 |
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ABI Bankruptcy Views from the Bench (Washington DC) |
September 26, 2025 |
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Octus European LMEs: Where are We Now? (webinar) |
September 23, 2025 |
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Linklaters European and Asian Private Credit (New York) |
October 8, 2025 |
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LSTA: Annual Conference (New York) |
October 22, 2025 |
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Octus: London Credit Seminar (London) |
October 23, 2025 |
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ABI: 2025 International North American Insolvency Symposium (New York/ Skadden) |
November 5, 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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