Given the time of the year, we indulge in a Thanksgiving holiday metaphor throughout this article. We think that, oddly enough, it helps illustrate the dynamics and circumstances that relate to pension claims staking increasingly greater claims in bankruptcy proceedings
After the initial shock of a bankruptcy filing, it is time for the debtor and its creditors to begin to negotiate. Think of the bankruptcy negotiation table like a big table at your in-laws for Thanksgiving dinner. You will find many friends and family, including some that you have not seen in years and a few you may not have expected, so many that at this table there isn’t enough food to go around.
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