There are some interesting developments in a number of Ch.11 bankruptcy cases that investors need to follow. While investors may not own securities of companies mentioned in this article, they need to pay attention to other bankruptcy cases because courts do not make decisions in a vacuum. What happens in another case could impact the prices of securities in other cases.
Pacific Drilling Confirmation Hearing
Pacific Drilling (PACDQ)(PACD) exited Ch.11 bankruptcy November 19 after an interesting confirmation hearing on November 2 that I attended. There were two interesting issues that arose in an