A head-to-head debate examining how the benefits and burdens of a restructuring should be allocated post-restructuring. Discussion areas include:

• How to account for the fact that the compromise of even “out of the money” claims may contribute towards the benefits of a restructuring?
• How should the court approach the retention of equity by existing shareholders?
• Should courts treat future rent reductions as substantial contributions equivalent to new money?
• How can market participants advise clients on this issue?