Unsecured Trade Creditors Committee

Committees

Post date: Monday, August 07, 2017

Editor's Note: For a new decision upholding a gift plan despite Jevic, see In re Nuverra Environmental Solutions Inc., 17-1024 (D. Del. Aug.

Post date: Friday, May 05, 2017

One of my very favorite things about bankruptcy practice is that it seems that for every decision from any particular court, you can usually find another decision from another court holding to the contrary. Divergent bankruptcy decisions often result from nuanced facts particular to the specific case.

Post date: Friday, May 05, 2017

One of a plan proponent’s primary tasks in the confirmation process is seeking the acceptance of creditors whose claims would be impaired under the proposed plan.

Post date: Monday, January 16, 2017

Bankruptcy trustees often find that by the time a case has commenced, potential fraudulent transfers are already so far in the past that they are beyond the reach of the two-year look-back period under § 548 of the Bankruptcy Code.

Post date: Monday, January 16, 2017

In In re Clark,[1] the Bankruptcy Appellate Panel for the Ninth Circuit affirmed a bankruptcy court’s determination to substantively consolidate an individual’s chapter 7 bankruptcy estate with the assets of a non-debtor limited liability company ranch and a trust that the debtor controlled.

Post date: Wednesday, December 14, 2016

The Unsecured Trade Creditors Committee (UTC) was hard at work once again in 2016.

Post date: Monday, November 21, 2016

Competition among law firms to be selected as counsel to an Official Committee of Unsecured Creditor is notoriously stiff.  The financial rewards are substantial and work begets more work.  Every new engagement is another line in the pitch book, and one less for the competition.

Post date: Monday, November 21, 2016

By making official committees of creditors mandatory, Congress recognized that committees can be vital to the success of a chapter 11 case.  That is why the United States Trustee Program (“USTP”) expends great effort to solicit and to appoint a “representative” group and to provide its members with a charge that explains their important fiduciary duties to act on behalf of their constituency. 

Post date: Friday, July 08, 2016

In chapter 11 cases, the U.S. Trustee’s power is prominently showcased throughout the process of appointing official creditors (and equity) committees. The Code instructs that the U.S. Trustee “shall appoint a committee of creditors holding unsecured claims and may appoint additional committees ...

Post date: Friday, July 08, 2016

[1]Picture the scene: A vendor has just received word that its customer has filed chapter 11. The vendor put the customer on a cash-before-delivery basis and demanded assurances of performance. The vendor was successful in reducing the accounts receivable owed and avoiding preference liability in doing so.

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Ms. Demetra Liggins
Co-Chair
McGuireWoods LLP (Parent Record)
Houston, TX
(713) 353-6661

Mr. Eric J. Monzo
Co-Chair
Morris James LLP
Wilmington, DE
(302) 888-5848

Ms. Samantha Martin
Communications Manager
Stroock & Stroock & Lavan LLP
New York, NY
(212) 806-6559

Ms. Lindsay Zahradka Milne
Education Director
Bernstein Shur
Portland, ME
(207) 774-1200

Mr. Eric S. Chafetz
Newsletter Editor
Lowenstein Sandler LLP
Westfield, NJ
(646) 345-1466

Ms. Lauren Dorsett
Special Projects Leader
Davis Wright Tremaine LLP
Seattle, WA
(206) 622-3150

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