Unstructured Finance

Catching the wave

January 26, 2010

SurferDistressed debt investors are pinning their hopes on a second wave of insolvencies in 2010 after banks’ refusal to write off bad loans made 2009 something of a damp squib.

Down at the Car Wash

August 11, 2009

Stock photo of man cleaning a Toyota car at a car wash in Tokyo June 23, 2009. REUTERS/Kim Kyung-Hoon Stock photo of man cleaning a Toyota car at a car wash in Tokyo June 23, 2009. REUTERS/Kim Kyung-Hoon After three days of hearings in a cramped courtroom at London’s Royal Courts of Justice, when the judge “blessed” lenders’ plan to take control of British car cleaning firm IMO Car Wash.

Doom and glee in bankruptcy

February 13, 2009

Top-class bankruptcy lawyers, vulture investors and credit experts revealed a range of emotions at a bankruptcy conference on Thursday, from doom and gloom to subdued confidence, but some comments bordered on outright glee.