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Breezing Through Bankruptcy
Companies filing for Chapter 11 protection are exiting sooner than ever, but is faster always better?
June 1, 2010
The bankruptcy process is a lot faster than it used to be. When United Airlines entered Chapter 11 in 2002, for example, it languished there for three years. By comparison, in 2009 automaker Chrysler spent all of 40 days in bankruptcy. A recreational-vehicle dealer, Lazydays, sped through even faster: "We were in and out of [the] Delaware [courts] in five weeks," says CFO Randy Lay. Read more...
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Eat My Dust
Ford's Lewis Booth on cash flow, corporate culture, and the competitive spirit. February 1, 2010
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GM Speeds Up Checks to Suppliers, Government
The carmaker says it will be able to pay off its debt to the U.S. Treasury faster than expected and aims to keep cash flowing smoothly through its supply chain. November 16, 2009
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Living with a Scarlet Audit Letter
Given a going-concern qualification, companies struggle to defy their auditors' prediction that they won't survive the year. October 21, 2009
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IRS Widens Net on Mortgage Securitizations
Many analysts expect that imminent defaults on commercial mortgage loans will alter deal terms. In response, the IRS issues guidance on why some changes to loans held in securitized trusts won't forfeit tax benefits. September 21, 2009
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The Changing Face of Bankruptcy
A need for speed, a shortage of DIP financing, government bailouts, and a complex web of debt structures are the hallmarks of the most recent crop of Chapter 11 filings. August 11, 2009
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Credit-default Swaps and Bankruptcy: No Empty Threat
CDSs are pitting firms against their own creditors. June 19, 2009
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Are GM, Chrysler "End Running" Chapter 11?
Some critics say the automakers are structuring their bankruptcies as sales in an improper way. June 9, 2009
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Leadership in Finance: ICAEW’s Carolyn Bresh
After helping struggling companies to turn their fortunes around, Carolyn Bresh hopes to teach other finance chiefs some of the lessons she's already learned. June 1, 2009
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Government Extends $30B to GM, Claims 60% Share
Senior administration officials took pains to stress that the government is a "reluctant" shareholder in the company and that its stake will be sold as soon as conditions warrant. June 1, 2009
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