Afternoon Briefs: Biden likes Obama for Supreme Court; ex-law student among successful GirlsDoPorn plaintiffs

One critical issue affecting complex restructuring cases are efforts by the estate or creditors to recharacterize debt into equity. This can happen in a variety of factual contexts, including where an existing equity stakeholder puts capital into a distressed company as “rescue capital” in the hopes of implementing an out-of-court turnaround. Foreclosure News