Special Committees: The Unsung Heroes of Chapter 11

As companies face increased scrutiny over insider transactions and board decisions during bankruptcy, special committees composed of independent directors have become essential. These committees investigate questionable transactions, evaluate litigation claims, and make decisions that carry weight with courts and creditors. Check out this expertly drafted article on why special committees are a crucial tool in today's restructuring landscape.

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Related Content

• Fiduciary Obligations of Officers and Directors
  Read this practice note for information on a debtor's director's and officer's fiduciary duties.

• Ad Hoc and Other Committees
  Review this discussion of ad hoc committees and other official committees that might be formed in a bankruptcy case.

• Management in Chapter 11
  Get an overview of management’s responsibilities during a Chapter 11 case and the mechanisms to displace management of a debtor in possession.

• Chapter 11 Examiners
  Understand key issues and best practices when seeking or opposing the appointment of an examiner in a Chapter 11 case.

• In-House Bankruptcy Resource Kit
  Refer to this resource kit for Practical Guidance materials on the tasks that in-house attorneys regularly address when the client is filing for bankruptcy or when the client is a lender, supplier, customer, or other interested party to a company that files bankruptcy.

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