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Old 05-21-2007, 02:26 PM
DespotInExile DespotInExile is offline
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Join Date: Jul 2005
Posts: 788
Default Re: Explain \"buying debt\"

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whats the relative price volatility of corporate debt after a chapter 11 files? i'd think it would rise significantly.

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This depends entirely on the pre-filing capital structure of the entity, and whether in a reorganization, you're above or below the cramdown/pivot security.
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