the DIP-side Argument
Whenever I read a forum discussion relating to financial restructuring on this site, there's always a bunch of 'experts' naming off their list of top financial restructuring shops and attempting to put down other shops with the argument that "THEY ARE PRIMARILY CREDITOR-SIDE ADVISERS".
I'll ignore for a moment the fact that these statements are likely merely the hearsay of some under-informed know-it-all to ask this question...
Given the choice between working DIP-side or creditor-side, what is the argument for choosing DIP??? It seems to me that if one has aspirations towards any kind of career related to distressed debt, especially vulture investing, he or she would do well to have experience working the restructuring process from the creditor's point of view, rather than that of the DIP...?
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