Take the L out of LBO
blogs.reuters.com 9/1/2009 — In a perfect world, we would simply ban leveraged buyouts. The vast majority of these debt-laden corporate takeovers are no less predatory and value-destroying to a company than a loan shark who charges usurious rates of interest. Realistically, a ...

Unprecedented U.S. corporate default seen for '09
hf-implode.com 9/28/2009 — " U.S. corporate debt default rates are expected to hit "unprecedented" levels in 2009, even though the economy may be past the halfway mark of the U.S. recession, according to a forecast unveiled on Monday at the Reuters Restructuring Summit."

Yes you must be in default to enter into a workout…universal default!
dtod.wordpress.com 14 days ago — One of the more ridiculous practices, but it is very true, you must be in default to engage in a workout negotiation. The banks logic being why negotiate a reduction if the borrower is current, obviously they can pay, they surmise. Unfortunately any intelligent attempt to demonstrate through ...