Irreverent financial market analysis/commentary with a focus on chapter 11 bankruptcy, restructuring & distressed investing. DYOR. NF-or-legal-A. Subscribe 👇
Joined October 2014
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Strongly considering starting a subreddit called "WallStreetDebts" to discuss:
đź“ŤIndependent directors who are clearly not independent
đź“ŤPE shops' shameless div recaps and financial pillaging of balance sheets
đź“ŤSh*tty lawyers who violate ethics on the reg.
đź“ŤArrogant judges
Spirit Airlines is liquidating. Google wants its internal data to train AI. The unions have thoughts.
Our outside the box take? Nathan Fielder belongs in this story.
Welcome to the bankruptcy auction that sounds like a lost episode of The Rehearsal. 🧵
Nathan Fielder explored cockpit communication in The Rehearsal.
We’ve found his next research project.
Nathan, care to submit a topping bid?
The Rehearsal: Chapter 11. Read more ⬇️.
Who wants to represent Nathan Fielder in bankruptcy court?
petition11.com/p/should-nath…
$HAIN Celestial. Earthly issues.
~$558mm due in December.
A $323mm sale at risk after a missed lender deadline.
Restructuring veterans joining the board.
Bloomberg says bankruptcy is under consideration.
Our very own Johnny dropped some thoughts here: petition11.com/p/biglaw-bust…
Pocket change for “Capital solutions” lawyers.
Seriously, what jobs are people working to afford $1.6 million homes with 6.5% mortgage rates, thousands in property taxes, and every other bill getting more expensive?
Are that many households really bringing in $450,000–$550,000 a year?
Because even with two good salaries, those monthly payments are wild.
I’m genuinely curious what these people do for a living, because apparently there’s an entire income bracket I’m not seeing.
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LIV Golf filed its chapter 11 bankruptcy on Sep 8. It was supposed to file a motion seeking approval of its restructuring support agreement with BC Credit 3 days later. Still nada. Saudi approval 10 days later. Still nada. 🤔