Nason Yeager attorney, Ivan Reich, was recently featured in Smart Cities Dive discussing the financial challenges facing Brightline Florida and how bankruptcy could provide a path forward for the privately owned passenger rail company. Reich offered insight into the unique complexities of railroad bankruptcies, explaining why restructuring is often more viable than liquidation due to the fixed nature of rail infrastructure. He also discussed how Chapter 11 bankruptcy can provide companies with the opportunity to pause creditor actions, restructure debt and preserve value as a going concern. To read the full article, visit Smart Cities Dive.
To learn more about Mr. Reich and his work as lead of the firm’s Bankruptcy, Insolvency and Restructuring Practice Group, you can click here.
