The pandemic revealed that the increasing complexity of debtors’ capital structure could supply much-needed competition in the Chapter 11 financing market, as other inside lenders increasingly challenge a debtor’s favored inside lenders. After discussing the benefits of this surprising development, the Essay identifies several impediments and offers strategies for removing them.

 

中文翻译：

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第 11 章融资的大流行希望

大流行表明，债务人资本结构日益复杂，可能会在第 11 章融资市场提供急需的竞争，因为其他内部贷方越来越多地挑战债务人青睐的内部贷方。在讨论了这一令人惊讶的发展的好处之后，这篇论文确定了几个障碍并提供了消除它们的策略。