Stoli USA Bankruptcy Update

In this latest episode of The Bald Guys of Bankruptcy, Adam Friedman and Rich Postiglione dive into the ongoing Stoli Group USA bankruptcy case with an important update.

The discussion examines the challenges facing the American distribution arm of Stoli, including their negotiations with Fifth Third Bank. Rich breaks down the failed plan involving a proposal to offer barrels of its Kentucky Owl bourbon as an offset for its debt, the bourbon market, and why the judge deemed their proposal not feasible.

This episode explores the unique dynamics at play:

• A distribution company dependent on its Russian parent company

• A plan offer barrels of bourbon to reduce debt

• The strategic calculations of secured creditors during this phase of the bankruptcy.

Let us know your thoughts in the comments!

#bankruptcylaw #chapter11 #stoli #legalpodcast #baldguysofbankruptcy

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