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About Phillip D. Anker
Mr. Anker is the co-chair of the Bankruptcy and Financial Restructuring Practice Group at WilmerHale.
Articles by Phillip D. Anker
Law Firm Bankruptcies: The “Unfinished Business” Doctrine and the Jewel Waiver
One of the interesting aspects of business bankruptcy cases is that both the businesses and the issues their bankruptcy proceedings present can differ so much. In recent years, for example, we have seen department stores (Macy’s, Federated), toy retailers (Toys R Us), bookstore chains (Borders), automobile manufacturers (GM, Chrysler), supermarkets (A&P), auto supply companies (Delphi), […]
The “Absolute Priority Rule” and Other “Rules” of “Priority” in Bankruptcy
Are They Really “Absolute,” Are They Really “Rules,” and Do They Always Provide “Priority” to Some Claimants Over Others? At its core, corporate bankruptcy addresses the problem of the “inadequate pie.” While occasionally the debtor will be solvent, in most cases, the debtor will, for lack of a better term, be “bankrupt”—that is, it won’t have […]