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Covenant-Lite Leveraged Loans: Time-Tested or Time Bomb?

October 4, 2017

So-called "covenant-lite loans" have an average default rate of just 1.3 percent for leveraged loans since 2011 — but we all remember how quickly that can change.

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ASARCO Read to Bar Fee-Defense Costs Even with a Fee-Shifting Agreement
ASARCO Read to Bar Fee-Defense Costs Even with a Fee-Shifting Agreement

Court shows antipathy to all theories seeking allowance of fees incurred in collecting fees.

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Circuit Court Split: The One-Day-Late Rule and Dischargeability of Tax Debt
Circuit Court Split: The One-Day-Late Rule and Dischargeability of Tax Debt

Section 727(b) of the Bankruptcy Code provides for the discharge of debts that arose prior to the petition ...

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