YORK - (Mealey's) Twinkie maker Hostess
Brands Inc., which had been proceeding with a bankruptcy reorganization plan, moved
in the U.S. Bankruptcy Court for the Southern District of New York on Nov. 16
for authorization to convert its proceeding...
A sale of substantially all of
the debtor's assets can be accomplished in either chapter 7 or chapter 11. This
article examines the statutory restrictions, as well as the practical
considerations, which drive the choice of whether chapter...