ITR Expected to Ignite Interest

    View Authors October 2014
    This article, by Squire Patton Boggs partner Stephen D. Lerner and recently published in Project Finance International, discusses the highly unusual nature of the proposed Indiana Toll Road (ITR) reorganization, in particular regarding the contemplated sale of the asset outside the bankruptcy court and the creation of the Special Committee. The ITR bankruptcy will seek to take advantage of a relatively quick pre-packaged plan and an early exit from Chapter 11 while maintaining the jurisdiction of the bankruptcy court to approve the asset sale post-bankruptcy, which may be completed next summer.