Creditor Committees in 'Meltdown' Chapter 11 Cases

Due to a number of forces, most importantly the global recession and the resulting global macroeconomic conditions, creditor committees are now having difficulty in finding their role in many Chapter 11 cases. Many factors, including rapid declines in asset values, means that many secured lenders find themselves holding loans that are vastly under-collateralized.

21 minute readSeptember 29, 2009 at 07:55 AM
By
Joshua Klein
Creditor Committees in 'Meltdown' Chapter 11 Cases

Due to a number of forces, most importantly the global recession and the resulting global macroeconomic conditions, creditor committees are now having difficulty in finding their role in many Chapter

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