The Wall Street Journal reported that a federal bankruptcy judge approved the liquidation plan for Dewey & LeBoeuf, setting the stage for many creditors to begin recovering some of the hundreds of millions they are owed from the largest law-firm collapse in U.S. history.
The Journal said that the liquidation plan had the backing of Dewey’s creditors, including lenders who hold liens on some $250 million in bank and bond debt and who have funded the bankruptcy proceedings thus far using their cash collateral.
Transitioning from a third-party originator (TPO) to closing deals on your own balance sheet can be a risky endeavor without the right tools, network and drive. Professionals within this industry make the switch for a multitude of reasons, sometimes meeting... read more
The current environment for funding sources is marred by many of the same challenges facing the greater equipment finance industry, with supply chain constraints, geopolitical tension and soon to be increasing interest rates among the many factors playing into the... read more