When Law Firms Go Bankrupt — What Secured Lenders Can Learn From the Dewey Bankruptcy
When law firm Dewey & LeBoeuf filed for Chapter 11 protection, it was obligated to its secured creditors, among many others, led by JP Morgan on a $75 million line of credit facility. Jeffrey Wurst explains what led to Dewey’s collapse and offers advice regarding key indicators of a potential creditor’s fiscal irresponsibility.
November 8, 2012
Dewey & LeBoeuf | Dewey Ballantine | Legacy Dewey
Rita Garwood