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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Vedder Thinking | News Michael Eidelman Quoted in The Deal Article Discussing Life Insurance Policies as Bankruptcy Assets
Media Mention
September 2014
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."
To read the complete article, click here (login credentials may be required).
Professionals
Michael M. Eidelman
Shareholder, Chair of Shareholder Affiliations
meidelman@vedderprice.com
+1 (312) 609 7636