To Reinstate or Not To Reinstate Debt? That Is the Question in a Rising Interest Rate Environment
September 27, 2023 – New York Law JournalPartner and co-chair of Herrick's Restructuring & Finance Litigation Department, Stephen Selbst and partner Steven B. Smith, authored an article for the New York Law Journal. The piece provides an overview of reinstatement, explores the facts that led the ‘Charter’ court to allow reinstatement and the ‘Young Broadcasting’ court to reject it and explains how the rising interest rate environment may affect Chapter 11 plan confirmations.
Read the full article in the New York Law Journal here. Access may require a subscription.