Expert Q&A on Out-of-Court Restructurings

July/August 2017
Practical Law
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An out-of-court restructuring of a financially distressed company can be a simpler and more efficient way to modify a company’s capital structure than a bankruptcy proceeding. Determining whether an out-of-court restructuring is appropriate depends on the circumstances and requires consideration of various factors. Practical Law asked My Chi To of Debevoise & Plimpton LLP to discuss her views on out-of-court restructurings and how they may be used as an alternative to a Chapter 11 proceeding.