Bernard Quoted on Bankruptcies

Partner Richard J. Bernard was quoted in The Deal on June 7, 2013, in an article titled, “With Sales, Debtors Take the Short Way Home.” The article explores how changes to the court-supervised sales process and business objectives have led to faster departures and shorter bankruptcies. Bernard suggested that an effort is being made to move bankruptcy cases faster, driven by the notion of reducing bankruptcy fees, keeping costs down, or having debtor-in-possession financing conditions in place.