Advising Unsecured Creditors in Complex Bankruptcies

This article explores the roles of examiners and trustees in Chapter 11 cases and focuses on how corporate counsel can best protect a client's position as a single unsecured creditor or party in interest, beyond filing a proof of claim or seeking relief from the stay.

18 minute read February 28, 2012 at 10:25 AM
By
Robb C. Adkins And Beverly N. McFarland
Advising Unsecured Creditors in Complex Bankruptcies

A perfect storm has developed in the need for increased use of fiduciaries for examination and management of debtors. As a result of being over-leveraged, companies have engaged in complex financial transactions that have impaired creditors' rights.

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