'Megabankruptcies': Changes On the Way?

Across the nation, readers of this publication are plagued daily with myriad problems associated with "megabankruptcies" and complex reorganization cases, and sometimes with Chapter 11s that are just large enough to be cumbersome and unwieldy, but too important and/or lucrative to pass up. Notwithstanding what is generally the statutory clarity of the Bankruptcy Code, many of the solutions to these nettlesome issues have evolved on an ad hoc basis, and are often the creatures of local customs and practice, if not the rules and procedures of individual judges. Putting aside the natural peaks and valleys of Chapter 11 filings, these issues persist, no matter the economic climate.

26 minute read July 29, 2004 at 11:43 AM
By
Anthony Michael Sabino And Mary Jane Sabino
'Megabankruptcies': Changes On the Way?

Across the nation, readers of this publication are plagued daily with myriad problems associated with “megabankruptcies” and complex reorganization cases, and sometimes with Chapter 11s that are just large enough to be cumbersome and unwieldy, but too important and/or lucrative to pass up.

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