Vultures, others profit in credit crunch
Vultures, others profit in credit crunch
Distressed-debt investors -- also known as vultures -- have been doing well in recent weeks as the fallout from the credit crunch allows them to scoop up debt from companies that are in trouble. Also profiting are restructuring specialists and bankruptcy lawyers. The boom for the sector follows a period of lean years as markets soared.
Los Angeles Times (10/11)
Distressed-debt investors -- also known as vultures -- have been doing well in recent weeks as the fallout from the credit crunch allows them to scoop up debt from companies that are in trouble. Also profiting are restructuring specialists and bankruptcy lawyers. The boom for the sector follows a period of lean years as markets soared.
Los Angeles Times (10/11)
posted by Victor Lloyd Smith @ 10:31 AM
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