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We Have a Feasibility Problem

We Have a Feasibility Problem

Nov 28, 2016
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PETITION
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We Have a Feasibility Problem
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We're thankful this week for Judge Sonchi's decision last week in the Paragon Offshore bankruptcy cases. The decision was more than just a victory for the company's term loan lenders: it was a much-needed warning signal to the restructuring industry. 

First, a quick synopsis of the opinion. In short, Judge Sonchi sustained most, but not all, of the term …

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