In this Q&A, Financial Restructuring chair Michael Goldstein, partner Debora Hoehne and associate Artem Skorostensky discuss uptier liability management transactions, which can help distressed borrowers access capital, increase liquidity, and avoid a costly and time-consuming restructuring through a bankruptcy proceeding, but which may come at a cost to existing, non-participating lenders and may not solve all challenges confronting a borrower. More on Reuters.