SAN FRANCISCO—Commercial bankruptcy attorney Bennett G. Young was interviewed by Tom Vacar of KTVU Fox News for the story, PG&E shares are hammered as potential liabilities mount.
“Many bankruptcies now are resolved through the sale of the company, the model being the General Motors and Chrysler bankruptcies,” Young said. “In other cases the company stays in control and issues new debt securities or new stock and works out a way to pay the new creditors.”
Young has extensive experience in utility bankruptcy cases, including the representation of
Algonquin Gas Transmission in the Boston Generating and Cal Pine bankruptcy cases and Enron in the PG&E and California Power Exchange bankruptcy cases. He is a former Chair of the California State Bar’s Insolvency Law Committee.
Ben Young is a partner in the Bankruptcy Group at Jeffer Mangels Butler & Mitchell LLP in San Francisco. The Group is recognized by U.S. News & World Report / Best Law Firms® with a Metropolitan First-Tier Ranking (San Francisco) for Bankruptcy Litigation, Bankruptcy and Creditor Rights/Insolvency and Reorganization Law.
For more information contact:
Bennett G. Young