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April 7, 2017

Section 1122(b) of the Bankruptcy Code allows a debtor to classify certain unsecured claims into a single class for administrative convenience, but beware the pitfalls.

What is it?

To understand the implications of section 1122(b), it must be read together with section 1122(a) of the Bankruptcy Code, which states that “[e]xcept as provided in subsection (b)...

March 16, 2017

What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors? Do the old securities have any value when, and if, the company is reorganized? We hope this information answers these and other frequently asked questions about the lengthy and sometimes uncertain bankruptcy process.

Federal b...

February 10, 2017

The claims trading industry has only grown in the nine years since the publication of this quote. Indeed, it is common in "mega" Chapter 11 cases to see on the docket hundreds, if not thousands, of "claims transfer notices" filed pursuant to Federal Rule of Bankruptcy Procedure 3001(e), and that is only a small set of the claims trading activity.

Why do bu...

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