Tag Archives: Chapter 11

ILN Today Post

Maintaining Control Over Your Bankruptcy

A recent ruling by Judge Glenn in the Bankruptcy Court for the Southern District of New York shows that notwithstanding the U.S. Supreme Court’s In re Jevic decision,[1] structured dismissals of chapter 11 cases are still permissible and in some instances more beneficial to creditors than confirmation of a plan or conversion to a chapter 7 liquidation.

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Michael L. Gesas and Kevin H. Morse author Law360 article on the proposed demise of the traditional Chapter 11 bankruptcy case

Arnstein & Lehr

Michael Gesas

Arnstein & Lehr

Kevin Morse

Arnstein & Lehr Chicago Partner Michael L. Gesas and Associate Kevin H. Morse authored an article titled “The Disappearing Act of Ch. 11 Business Cases” that appeared in the March 29 edition of Law360. In the article, they speculate that with the current sluggish economic growth not increasing bankruptcy filings, it is possible that traditional Chapter 11 bankruptcy cases may have become a “relic of the past,” heralding an era of liquidation, prepackaged short-term bankruptcies and Section 363 sales followed by a dismissal of the pending chapter case.

To read their Law360 article, please click here.

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