# An op-ed co-authored by Prof. Marti Subrahmanyam on the "empty creditor"

1 Faculty News April 8, 2012 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/5fa796ea-7cbd-11e1-8a27-00144feab49a.html#axzz1rYRirW9J) -- "The recent Greek debt restructuring illustrates how the empty creditor phenomenon may lead some players to attempt to derail a debt workout highly beneficial to the entity, and to its ordinary (i.e., non CDS-holding) lenders."

[Read more  ](http://www.ft.com/intl/cms/s/0/5fa796ea-7cbd-11e1-8a27-00144feab49a.html#axzz1rYRirW9J)