Bankruptcy judges balance power dynamics away from sheer distressed fund size
Sujit Indap · Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209) · Aug 16, 2021 · at 38:18
Financial journalist Sujit Indap contrasts out-of-court restructurings with formal Chapter 11 bankruptcy dynamics.
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“The wild card is when you actually are in bankruptcy, things change a little bit in terms of the power dynamic, because there is now a judge who's overseeing the entire case. And that judge not only cares about size, he cares about the equities of the case and applying the law.”
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