Where companies in New York and Delaware linger in Chapter 11 before someone pulls the plug and liquidates, charter airline Direct Air managed to survive less than one month in Massachusetts, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. In the reorganization of Arcapita Bank BSC, the Bahrainian investment bank, two of the most important financial institutions in the home country, including the central bank, will populate the official creditors' committee. The podcast ends with discussion of two new reorganizations that present acquisition opportunities for strategic buyers. One is group of 38 stores in the shadow of Wal-Mart and the other is a collection of condominiums on the beachfront in Texas.
Running time 10:44