The role of a creditors’ committee in a Chapter 11 case. Results creditors’ committees expect and using forensic accountants.
Are creditors’ committees afforded any influence in bankruptcy negotiations? more information on a Creditors’ Committee in
Chapter 11 cases. More
Lenders’ Collateral Rights in Bankruptcy. The U.S. Supreme Court ruled that pursuant to §1129 of the Bankruptcy Code, a secured creditor must credit bid. A lender will turn to its collateral for recovery in the event of financial mishaps that cause a borrower to enter Chapter 11 bankruptcy. Bankruptcy Code requirements and a proposed plan of reorganization by a bankruptcy court. More
To survive a liquidity crunch, businesses need to identify and address their cash flow issues early to avoid liquidation. This article addresses how a 'liquidity trap' can happen and the need for liquidity management practices. More