X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The increasingly complex capital structures of corporate debtors has been a defining characteristic of large commercial bankruptcy proceedings during the most recent bankruptcy boom. The modern corporate debtor has a capital structure composed of multiple levels of purported secured creditors, and this creates new issues for bankruptcy practice and jurisprudence—the simpler corporate capital structures of prior bankruptcy cycles created a single class of senior secured claims and a single class of unsecured claims consisting of bonds and vendor claims, but this is no longer the case. In addition, as the valuations that fueled the growth of complex capital structures proved to be overly optimistic, it has become painfully clear that there is often little value for the newly minted junior creditor classes, including junior secured classes.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.