Law Practice
Apr. 28, 2015
Prolonged low oil prices creating more work for restructuring practices
While the low price of international oil has caused some domestic energy companies to declare bankruptcy recently, others that have managed to stay afloat are now facing another threat to their existence.
Daily Journal Staff Writer
The continued low price of international oil has caused some domestic energy companies
to declare bankruptcy, but even those that have managed to stay afloat are facing
a threat to their existence: When their loans are revalued this spring, their ability
to borrow may be severely constrained, leaving their cash flow in peril.
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