Second-Lien Financings in Bankruptcy: Expectations v. Reality

Resource type: Article

Status: Published on 11-Jun-2008

Jurisdiction: USA

This Article explores key assumptions underlying the second-lien market, the rights of secured creditors and the extent to which the claims of second-lien lenders are actually secured, the concept of lien subordination, rights typically waived by second-lien lenders in intercreditor agreements, and the enforceability of these waivers.

My Chi To, Debevoise & Plimpton LLP, based on an article first published in The Review of Banking and Financial Services, Volume 23, Nos. 8-9 (August-September 2007).


 

The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your PLC Account Executive.

Free trial

A free trial will give you:

✔ Unlimited access to our online legal know-how services during the trial period
✔ Full training and support
✔ Six issues of Practical Law The Journal, the companion to Practical Law online
✔ Weekly update e-mails on current legal developments in your practice area
 

Register now

Law school access click here

Login

Subscribers and trialists can login below

Contact Us

If you need assistance logging in or have any questions about our services, please contact us.

Actions
Resource information
Show resource details Hide resource details
  • Resource ID: 2-380-9187
  • Published: 11-Jun-2008
  • Products:  PLC US Corporate & Securities, PLC US Finance, PLC US Law Department
Contact the team
Print
Related content
Related content
Topics
  • Acquisition FinanceAcquisition Finance (http://uslf.practicallaw.com/1-380-7400)
  • BankruptcyBankruptcy (http://uslf.practicallaw.com/4-380-7408)
  • Lending: GeneralLending: General (http://uslf.practicallaw.com/0-380-7405)
  • SecuritySecurity (http://uslf.practicallaw.com/7-380-7402)
Practice Note: Overview
Practice Notes
{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243509374", "objName" : "Second-Lien Financings in Bankruptcy Expectations v. Reality", "userID" : "2", "objUrl" : "http://uslf.practicallaw.com/cs/Satellite/2-380-9187?q=&qp=&qo=&qe=", "pageType" : "", "contentAccessed" : "false", "analyticsPermCookie" : "27ad6489c:13eb718731f:-f0e", "analyticsSessionCookie" : "27ad6489c:13eb718731f:-f0d", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }