Service of Unsecured Creditors’ Committees

Official committees of unsecured creditors (Committees) serve in important function in Chapter 11 bankruptcies.  Committees preserve the rights of unsecured creditors can have a major impact on the outcome of any Chapter 11 proceeding. In each Chapter 11 case, the United States Trustee is charged with appointing a Committee and

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Paying Back Family and Friends

The decision to file a bankruptcy is one of the hardest decisions that some people will make.  Once this decision has been made, many people want to “clear up” some debt.  Usually, they want to take care of Mom, Dad, Brother, Sister, Best Fried etc…   The reasoning is that they

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Introduction to Chapter 11 Unsecured Creditors’ Committees

Official committees of unsecured creditors (Committees) serve an important function in Chapter 11 bankruptcies and can have a major influence on the outcome of any Chapter 11 case.  Committees preserve the rights of unsecured creditors and their responsibilities include (i) monitoring the progress of the case; (ii) providing input on

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