Recent retail bankruptcy cases speak to the debate underway about proposed changes to bankruptcy laws that would make the process cheaper for and potentially more favorable to businesses trying to reorganize, according to a commentary yesterday by Prof. Stephen J. Lubben in the New York Times DealBook blog. In response to the recommendations of ABI's Chapter 11 Reform Commission, the Loan Syndications and Trading Association recently released a report in response focused on the importance of preserving chapter 11 in its current form. ABI's Chapter 11 Reform Commission instead portrays its proposed changes as restoring the balance of power in chapter 11. Read more.
To read more or to watch presentations on the Commission's the recommendations to modernize chapter 11, be sure to visit http://commission.abi.org/.
