Jonathan Friedland and Michael Brandess,[1] partners with the Sugar Law Firm
If you’re reading this article, then you are surely somewhat familiar with chapter 11 bankruptcy. In fact, you might deal with attorneys who do what we do (i.e. represent trade creditors and official committees of unsecured creditors) with some frequency. Still, with the tsunami of business bankruptcy filings really just beginning, the editors thought it timely to provide a little refresher.
So, as you find yourself following a customer into its chapter 11, who else is in the game?
The Debtor
Even though Chapter 11 cases are heard by a bankruptcy judge, sitting in a bankruptcy court, a bankruptcy case is not a lawsuit.… Read the rest