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Professional firms in all industries saw a new “normal” come to life and creditors rights attorneys and their firms were no exception. About the Author: Mark Dobosz currently serves as the Executive Director for NARCA – The National Creditors Bar Association. NARCA's values are: Professional, Ethical, Responsible.
By statute, the Bonds were secured by a gross lien on revenues derived from certain highway tolls and excise taxes (collectively, the Pledged Special Revenues). The Bonds were also insured by a number of financial insurers (the Insurers), who were subrogated to the bondholders’ rights upon payment of a covered default of the Bonds.
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