Bankruptcy

WeWork: A former unicorn in a real-world bankruptcy

SoftBank’s March 2023 uptiering has met resistance in the wake of WeWork’s November chapter 11 filing.

Will there be a horde of UK zombies?

Tough times may lie ahead for the UK – but will expectations for distressed activity be realised this time?

The arsenal of distressed debt violence

Distressed pre-bankruptcy firms are using workarounds that allow some final-reprieve liquidity and offer risk-tolerant lenders opportunities.

US Supreme Court puts final stake in syndicated loan litigation

High court refuses request to classify loans as securities, lets a circuit court victory stand for JPMorgan and other banks.

Goldman Sachs’ earnings from debt investments rise

Collateralised loans grew with help from Signature Bank’s bankruptcy auction.

SVBF agrees in principle to transfer VC business to creditors

The bankruptcy of the bank’s parent is redefining how ‘Silicon Valley’ functions, and has highlighted the vulnerability of banks.

Why goodwill can be make or break in a bankruptcy

When the value of a brand is seen to have eroded, the chances of a company emerging as a going concern are significantly depleted.

UK braces for possible lender-on-lender violence

As the US witnesses an increase in lender infighting, is it a phenomenon likely to spread to the other side of the Atlantic? Michael Jacobs of Boies Schiller Flexner weighs up the prospects.

A roadmap to crypto bankruptcies?

The approval of Celsius’s reorganisation allows for the release of some $2bn in cryptocurrency, and frowns on a creditor’s reliance on AI.

How to future-proof private debt

Forward-thinking managers are able to safeguard their investments by taking a flexible approach to emerging risks.