"...While the secured lenders still vote [during] the bankruptcy, they purchased protection from counterparties who don't have a vote."

28 Aug 2008

Jon Kibbe, partner at Richards Kibbe & Orbe, on the disconnect during bankruptcy for secured lenders who are fully hedged.

"...While the secured lenders still vote [during] the bankruptcy, they purchased protection from counterparties who don't have a vote."--Jon Kibbe, partner at Richards Kibbe & Orbe, on the disconnect during bankruptcy for secured lenders who are fully hedged. ...

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