Ballard Spahr LLP—an Am Law 100 law firm with more than 750 lawyers in 18 U.S. offices—serves clients across industries in litigation, transactions, and regulatory compliance. A strategic legal partner to clients, Ballard goes beyond to deliver actionable, forward-thinking counsel and advocacy powered by deep industry experience and an understanding of each client’s specific business goals. Our culture is defined by an entrepreneurial spirit, collaborative environment, and top-down focus on service, efficiency, and results.
David L. Zive and Jacob E. Trachtenberg examine the distressed note sale market from both buyer and seller perspectives, analyzing the legal and transactional frameworks that govern these complex transactions. The article provides practical guidance for navigating the current market landscape and understanding the key considerations in distressed debt transactions.
David L. Zive and Jacob E. Trachtenberg, both members of Ballard Spahr's Finance Department, wrote about distressed note sales for The Banking Law Journal's October 2026 issue.
In this article, David and Jacob examine the distressed note sale market from the perspectives of both buyers and sellers. They provide current market context, analyze the legal and transactional frameworks governing note sales, and offer practical guidance for participants seeking to navigate this complex landscape.
The content of this article is intended to provide a general guide
to the subject matter. Specialist advice should be sought about your
specific circumstances.
