The Distressed Debt Report - November 27, 2007

The unitranche loan, a product whose popularity boomed in recent years' strong corporate-debt market, could create unique problems in bankruptcy for lenders who provided such loans. Full Story

Offshore Location May Not Shield Hedge Fund Directors

The government of the Cayman Islands says it stands ready to assist the Massachusetts Securities Division with its investigation of two failed Bear Stearns hedge funds domiciled in the Caymans. Full Story

Ruling Poses Legal Risks for Officers in Rule 363 Sales

In a situation that may grow more common in reorganizations, executives of bankrupt home-accessory retailer Bombay Co. are at risk of losing legal protections normally granted to the officers of companies in Chapter 11. Full Story

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