Intersection of the Trust Indenture Act and the Bankruptcy Code | Practical Law

Intersection of the Trust Indenture Act and the Bankruptcy Code | Practical Law

This Practice Note discusses how the Trust Indenture Act (TIA) applies to out-of-court restructurings and intersects with the US Bankruptcy Code. It provides an overview of the TIA and its history, the types of debt securities subject to the TIA, the protections afforded securityholders under Section 316(b) of the TIA, and how courts have interpreted these protections.

Intersection of the Trust Indenture Act and the Bankruptcy Code

Practical Law Practice Note w-006-4624 (Approx. 9 pages)

Intersection of the Trust Indenture Act and the Bankruptcy Code

by Kristin K. Going, McDermott Will & Emery, with Practical Law Bankruptcy & Restructuring
Maintained • USA (National/Federal)
This Practice Note discusses how the Trust Indenture Act (TIA) applies to out-of-court restructurings and intersects with the US Bankruptcy Code. It provides an overview of the TIA and its history, the types of debt securities subject to the TIA, the protections afforded securityholders under Section 316(b) of the TIA, and how courts have interpreted these protections.