Partner Richard Levin Discusses the Role of Bankruptcy in Business
“Bankruptcy is a safety valve for the mistakes that get made in business,” explains Jenner & Block Bankruptcy Partner Richard Levin, an author of the 1978 US Bankruptcy Code and recipient of the 2015 Distinguished Service Award from the American College of Bankruptcy. In this video, he talks about the importance of achieving satisfactory returns, of “seeing around corners” in making distress investments where the bankruptcy laws will apply as well as why the best results for investors in distressed debt are always the negotiated results.
Mr. Levin joined Jenner & Block in May 2015 from Cravath, Swaine & Moore, where he chaired its Restructuring Practice. Since 2002, he has served as a faculty member at the Federal Judicial Center’s Bankruptcy Judge Workshops. He has also been a lecturer in law at Harvard Law School and a sought-after speaker and author on a range of bankruptcy issues and currently serves as Chair of the National Bankruptcy Conference. Mr. Levin is resident in the firm’s New York office and is a member of the Bankruptcy, Workout and Corporate Reorganization Practice.