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Bankruptcy

: Arizona Bankruptcy Attorney Blog

The Borders Bankruptcy Unfolds Like a Rose: 500 Million Dollar Loan Approved by Bankruptcy Court

By Joseph McDaniel, Esq.

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Don't you wish you could get a 500 million dollar loan by asking nicely?

In a large Chapter 11 Case, the Debtor and Debtor-in-Possession have to play "Mother May I" to get almost anything done at first.

In fact, there are seminars for lawyers on subjects as narrow and specific as "First Day Orders" in a Chapter 11 Bankruptcy Case.

And as you can tell from this article in Bloomberg, some days in Bankruptcy Court are not as brutal as others.

On the other hand, in Bankruptcy Court, as in life, some days you're the windshield.

And some days you're the bug.


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Full post as published by Arizona Bankruptcy Attorney Blog on March 22, 2011 (boomark / email).

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