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Brad Eric Scheler, a senior partner at Fried, Frank, Harris, Shriver & Jacobson, and Alan N. Resnick, of counsel to the firm, write that lenders and other creditors of financially distressed companies should recognize the risk that they may be treated as insiders in a subsequent bankruptcy case if their dealings with the debtor are not at arm's length due to excessive bargaining power and coercion.
June 23, 2009 at 12:00 AM
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