David Wander comments on Sears Bankruptcy

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October 7, 2019 – DHC Partner and Chair of the Bankruptcy, Financial Restructuring and Creditor Rights practice David Wander was interviewed by The Wall Street Journal and The New York Post about the Sears bankruptcy case and the huge fees being paid to the lawyers and financial advisors for Sears and the Unsecured Creditors Committee, who so far have received $130 million. Wander told the post the “professionals are getting paid like clockwork,” while other administrative creditors, including DHC’s client, Pearl Global Industries, are being forced to wait and hope that Sears will eventually recover enough funds from thousands of preference claims to pay them.

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