Chapter 11-style reorganization
A distressed-debt restructuring in which an insolvent firm’s incumbent management remains in control of the company and is responsible for managing th [...]
bankruptcy subordination
The contractual subordination of debt such that the borrower is premitted to make and the junior lender to receive payments as long as no bankruptcy b [...]
administration
An insolvency procedure in which an administrator is appointed to restructure a financially distressed firm in order for it to continue as a going con [...]
