How aggressive are creditors of troubled private-equity owned companies going to be? There's a class of cyclical troubled companies that were taken private just before the economy started to tank.

The New York Post suggests that creditors of these companies may start taking banks to court, arguing that these banks should be not be able to profit from loading up massive debts on these companies. Some may also believe that they were essentially driven into bankruptcy by this additional debt and ought to shoulder some responsibility. Creditors to Tribune and Station Casinos may be pondering legal action. Creditors of Lyondell Chemical have apparently already initiated a suit.

For more:
- here's the article

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