Lawyers
Capital Solutions & Restructuring partner Paul Basta was featured in a 9fin Q&A discussing the chapter 11 process at a time when the restructuring industry is increasingly focused on out-of-court remedies. In the article, “9Questions — Paul Basta — The Shifting Fact Pattern,” published on September 22, Paul notes how the costly nature of in-court bankruptcies has led more companies in distressed situations to consider alternatives, including liability management transactions; pre-packaged bankruptcies; foreign restructuring processes; and private credit restructurings.
“The advice hasn’t changed; the facts have changed,” Paul says. “You need to do what’s in the best interest of the corporation; effectuating a liability management transaction can often be the path of least resistance and the most economically efficient way of seeing whether a business can survive.”
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