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.
Morningstar markets editor Jeremy Glaser offers updates on entities that are dodging, filing, forecasting, or flirting with bankruptcy.
Third Avenue Focused Credit Fund's Jeff Gary says there are tremendous opportunities for the fund to provide financing for debtor-in-possession loans and other bankruptcy situations.
Despite the scare of recent bankruptcies and downgrades, municipalities have the resources to continue making bond payments, while looming tax increases likely won't affect muni demand, says Morningstar's Jeff Westergaard.
A California-based adviser is heading up a group of investment bankers and sports-entertainment advisers looking to take the NHL's Phoenix franchise out of bankruptcy.
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