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March 28, 2014

What is the role of US Trustee in Ch. 11?

-The U.S. trustee plays a major role in monitoring the progress of a chapter 11 case and supervising its administration. -The U.S. trustee is responsible for […]
March 28, 2014

What Exactly is a Creditors Committee in Ch. 11?

Creditors’ committees can play a major role in chapter 11 cases. The committee is appointed by the U.S. trustee and ordinarily consists of unsecured creditors who […]
March 28, 2014

What is Debtor-In-Possession?

Chapter 11 is typically used to reorganize a business, which may be a corporation, sole proprietorship, or partnership. A corporation exists separate and apart from its […]
March 28, 2014

How Chapter 11 Works?

– A chapter 11 case begins with the filing of a petition with the bankruptcy court serving the area where the debtor has a domicile or […]