Potential Change in Chapter 11 Bankruptcy Rules
- January 14, 2015
- Thomas Adam
- Bankruptcy
Chapter 11 Bankruptcy Rules The start of the New Year brings with it the promise of fresh starts and change. The American Bankruptcy Institute (ABI) is also hoping for change. At the end of 2014, it released a 400+ page final report on proposed changes to the Chapter 11 bankruptcy rules. As discussed in greater detail in previous posts, Chapter 11 is a reorganization form of bankruptcy most commonly used by businesses and high net worth individuals. The report took three years to [...]