21 Jan 2021
Committees, Committees, and More Committees
Large, complex Chapter 11 filings are on the rise and are expected to pick up pace this year. This means an increase in the number of clients calling your office asking how they should get involved in a bankruptcy proceeding to best protect their interests if one of their borrowers, suppliers, or creditors files for bankruptcy relief. You have to advise your clients on the advantages and costs involved in being active on a creditors’ committee, an equity committee, or an ad hoc committee.
Related Content
- Ad Hoc and Other Committees
Review this practice note to understand the role of informal committees in bankruptcy proceedings, including bondholder committees, employee-related committees, and others. - Equity Committees
Learn how an equity committee is appointed and how it serves to potentially increase plan payouts in a reorganization proceeding. - Motion to Appoint an Equity Committee
Refer to this form if you need to file a motion to appoint an equity committee. - Disclosure Obligations Under Bankruptcy Rule 2019
Read this practice note to understand your obligations, if any, to disclose a verified statement under Rule 2019. Failure to do so may result in sanctions.
Practical Guidance Updates
Featuring the latest updates in Practical Guidance.
- Notice of Appearance (Bankr. D. Del.)
- Motion to Lift the Automatic Stay to Effectuate a Setoff
- Cram-Down Chapter 11 Plan Need Not Strictly Enforce Subordination Agreement
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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