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Structured Dismissals and Application of Non-Estate Proceeds

One of the more significant changes to Chapter 11 practice has been the use of section 363 to sell the assets of a debtor, prior to confirmation of a plan, as a means to restructure and maximize value. This transactional use of the Bankruptcy Code has, by necessity, changed how cases are administered.

12 minute read February 29, 2016 at 11:00 PM
By
Adam H. Friedman and Jonathan T. Koevary
Structured Dismissals and Application of Non-Estate Proceeds

Corporate restructuring practice has dramatically evolved in the nearly 40 years since enactment of the 1978 Bankruptcy Code. Since In re Lionel Corp.

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