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A Simple Overview of FILO and FOLO Loans
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A Simple Overview of FILO and FOLO Loans

Covering the advantages and disadvantages of both loan types and walking through a case study

Tupperware: A Double Restructuring Tale

Tupperware: A Double Restructuring Tale

Focusing on the critical role that restructurings have played in giving this company multiple chances at a comeback

Country Garden Holdings's Downward Spiral
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Country Garden Holdings's Downward Spiral

Covering what was once China's largest homebuilder and analyzing how it has fueled China's real estate crisis

Dollar General: A Distressed Retail Giant
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Dollar General: A Distressed Retail Giant

“We do very good in good times, and we do fabulous in bad times” - Todd Vasos, Dollar General CEO

Carvana, the Rise, the Fall, and the Bounce-Back
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Carvana, the Rise, the Fall, and the Bounce-Back

The three companies that broke the F500 the fastest: Amazon, Google, and Carvana (?!)

Boeing Deep Dive
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Boeing Deep Dive

Diving deep into what makes this company fly...as well as recent turbulence that may impact its long-term trajectory

The Story of Judge Jones, the Judge who Made Restructuring Cool Again
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The Story of Judge Jones, the Judge who Made Restructuring Cool Again

The famous and inspirational restructuring judge who was recently at the center of a scandal that led to his resignation

Lumen Technologies: Overview and Liability Management Update
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Lumen Technologies: Overview and Liability Management Update

The riveting liability management exchange of Lumen Technologies, including contention over past sales and exchanges, deceptive credit documents, and more

2023 Pari Passu Year-End Letter

2023 Pari Passu Year-End Letter

A ~fun~ post talking about our story, our progress over this year, some behind-the-scenes behind the page, and what the newsletter has in store for the future.

Coca-Cola Deep Dive
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Coca-Cola Deep Dive

"Invest in businesses that an idiot can run because one day an idiot will run them"

Bankruptcy Gifting
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Bankruptcy Gifting

To solve the recovery disputes and the issues associated with valuations, creditors may utilize 'bankruptcy gifts.' These gifts can be broken into two categories: gift carve-outs in section 363 sales and gifting in chapter 11 plans.

WeWork Deep Dive
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WeWork Deep Dive

At its height in 2019, the company commanded a $47bn valuation and was dubbed the world’s most valuable unicorn (i.e., a private company worth more than $1bn). Four years later, WeWork filed for Ch. 11 bankruptcy with its founder-CEO ousted and a business model proven primarily to incinerate cash.

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