Vedder Thinking | News Michael Eidelman Quoted in The Deal Article Discussing Life Insurance Policies as Bankruptcy Assets
Michael M. Eidelman, Vedder Price Shareholder and Co-Chair of the Insolvency, Bankruptcy & Corporate Reorganization group, was quoted in The Deal's September 9 article titled "Bankruptcy Life Settlements a Niche, but Growing." The article describes a niche market in which life insurance policies are being sold to monetize their value and create a source of cash for creditors in bankruptcy cases. Mr. Eidelman notes that all parties seem to benefit from the sale of these policies. He comments, "Not only are we seeing a lot of activity, but the values are good. And the insurance companies aren't altered in the process. It doesn't harm them."
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