A recent decision by Judge Mary P. Gorman of the United States Bankruptcy Court for the Central District of Illinois in In re Copenhaver, Inc., Chapter 11 case no. 13-72052, is part of a growing trend of opinions and orders around the country allowing a debtor to retain a chief restructuring officer (CRO) under sections 105(a) and 363(b) of the Bankruptcy Code, rather than section 327(a) of the Bankruptcy Code.
Further Precedent Supporting the Retention of CROs
A recent decision in the United States Bankruptcy Court for the Central District of Illinois is part of a growing trend of opinions and orders around the country allowing a debtor to retain a chief restructuring officer (CRO) under sections 105(a) and 363(b) of the Bankruptcy Code, rather than section 327(a) of the Bankruptcy Code.
By
James R. IrvingThis premium content is locked for The Bankruptcy Strategist subscribers only
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