Like many of our readers, we at the Bankruptcy Blog spent our holiday breaks curled up with our copies of the American Bankruptcy Institute Commission to Study the Reform of Chapter 11 Final Report and Recommendations
, which by now are quite dog-eared. For those of you who had more exciting plans and (still nursing your eggnog hangovers?) have only a vague recollection of what we are talking about, we refer you to our post announcing the release of the report on December 8, 2014
. In this post, we discuss some of the more interesting findings and recommendations relating to the first topic tackled in the report, the less-exciting, but nevertheless important, topic of management and oversight of chapter 11 cases. See
Section IV. A.1 -8. Next week, we will discuss the somewhat more controversial issues relating to professionals and compensation.
Debtor in Possession Model