Creditors' Committee

District Court Reverses Bankruptcy Court’s Holding that a Chapter 11 Equityholder Committee Is “Automatically Dissolved” upon Dismissal

District Court Judge Frank Geraci of the Western District of New York stirred the pot on what seemed like a settled chapter 11 issue by reversing the bankruptcy court and rejecting the majority view on the fate of official committees upon dismissal of a chapter 11 case.[1]