July 2010
Pre-packaged Bankruptcies: A Faster Way to Emerge from a Bankruptcy Involving Leases?By Michael P. Richman, Mark Salzberg and David G. Mayer
Traditional Chapter 11 reorganizations have proven to be costly and disruptive for corporate debtors. Section 363 sales have largely supplanted traditional Chapter 11 reorganizations because they are faster and more cost efficient. Though not a new concept, parties have recently opted to pursue "pre-packaged" bankruptcy filings or "pre-packs."
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