LexisNexis® Legal Newsroom
Critical Vendor Status in a Business Reorganization

Often a company that is involved in a formal restructuring (such as Chapter 11) has incurred pre-petition trade debt with various vendors and suppliers. Many of these vendors and suppliers are critical to the business (or at least more critical than others). For example, consider the importance ...

Creditor Opposition to a Prepackaged Chapter 11 Plan

by George E.B. Maguire and Jasmine Ball This Emerging Issues Analysis addresses creditor opposition to a prepackaged chapter 11 plan. Presented with a "coercive" prepackaged bankruptcy, there are two broad lines of defense open to an opposing creditor. First, the creditor may challenge...