The Fairholme manager comments on the fund's significant investment in the convertible bonds and bank debt of bankrupt mall operator General Growth Properties.
A shorter, more orderly bankruptcy process is good news for distressed debt investors, but it does shift the game a little bit, says Third Avenue's Jeff Gary.
Despite Jefferson County's woes, we don't expect widespread defaults--but trouble spots do remain, says Morningstar muni credit analyst Rachel Barkley.
Bankruptcy court is looking ever more likely for General Motors.
EBSA issued a proposed rule and a related class exemption designed to make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies’ retirement plans.
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