Braziel: Bankruptcy transforms corporate liabilities into valuable assignable assets
Thomas Braziel · How To Turn $100K into $4,000,000 with Distressed Investing · Sep 19, 2025 · at 56:47
Distressed debt investor Thomas Braziel discusses bankruptcy mechanics and lessons learned from Third Avenue Value founder Marty Whitman.
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“An asset is a liability and a liability can become an asset in a bankruptcy. And it's so true. And you think about it with a lease, if you have 50 leases and they're all below market, well, the debtor, a debtor can assign, assume or reject leases. So if you're all below market rents, you can just, you can assign them and they can become an asset, even though leading up to the bankruptcy, you know, they can be a huge liability to make those payments.”
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