Rochelle on ResCap-Berkshire Hathaway, Vitro, Rulings: Audio
The $1 offer that Berkshire Hathaway Inc. (BRK/A) made for Residential Capital LLC, along with related issues, is the first topic for discussion on the bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The loss given last week to Mexican glass maker Vitro SAB became an even more stinging defeat when the bankruptcy judge at the end of the week clarified his ruling and explicitly said that the Vitro parent's reorganization won't be enforced in the U.S. at all. The podcast wraps up with discussion of two new bankruptcy opinions. One explains what false statements result in non-dischargeable debts and the other lays out conditions when a secured debt can ride through Chapter 11 unaffected.
Running time 12:48
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.