The National Law Forum

The Blog of the The National Law Review

Category Archives: Bankruptcy

The Meridian Sunrise Village Opinion Redux Re: Bankruptcy and Distressed Debt Investors

In my last post I discussed the Meridian Sunrise Village v. NB Distressed Debt Investment Fund Ltd. opinion handed down by the United States District Court for the Western District of Washington in March of this year.  The prior blog post focused on the Court’s holding that distressed loan investors are not “financial institutions” and therefore, cannot exercise rights and remedies under a loan …

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Drinker Biddle & Reath LLP

  Quiznos, the toasted sandwich chain based out of Denver, CO, filed for prepackaged bankruptcy protection within days of Sbarro. The company foresees this restructuring cutting $400 million of debt.  In its bankruptcy protection the company listed liabilities between $500 million and $1 billion. In recent years, Quiznos has faced stiff competition from long-time rivals such …

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