Bonds that are issued and recapitalized when a firm is failing and ready to declare bankruptcy replacing existing bonds held by shareholders.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Bonds that are issued and recapitalized when a firm is failing and ready to declare bankruptcy replacing existing bonds held by shareholders.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.