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Why banks are uncomfortable with bankruptcy code

Why banks are uncomfortable with bankruptcy code
Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues Are banks getting boxed in after the introduction of the Bankruptcy Code? Some signals seem to be pointing that way. Not only are they looking at prospects of steep haircuts (write-offs) on their loans, the Code would also mean banks losing their business to the bond market.   The Code is also upsetting the traditional rules of the games, where banks sold the ...
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