JD MORRIS VIEW: Lehman Brothers, Washington Mutual, MCI Worldcom, Enron, Vitech America, etc. all would have been better to stay private. Email or call me for details, but public companies have hard time restructuring and often find Bankruptcy (BK) as the only solutions. Lehman Brothers was saved and restructured many times as a private company, but one little division based on mortgage back securities destroyed a company. If you are private company, think restructuring vs. Bankruptcy. You can sell your company as one solution or restructure.
Selling your company is good option vs. BK because you can protect your equity and turn bad debt into equity. So-called “prearranged bankruptcies” with debt players seem to be the option today vs. working with debt players. I am big believer in moving debt players to equity. BK should only be used as the last option. However, most media companies are looking to prearranged BK as solution. Read More about media companies:
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