US Bankruptcy Fee Flip: Legal Expenses for Unsecured Creditors; Considerations for Lenders and Administrative Agents
With a slowdown in capital markets activity and sharply decreased economic activity, the pressures on borrowers (and therefore their lenders) are only going to increase in the near term. In evaluating their positions, banks and administrative agents facing unsecured borrowers should be reminded of some important factors discussed in our Legal Update from August last year.
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