December 15, 2008

Wild West of Chapter 11 Plans

Filed under: Bankruptcy & Reorg — Tags: , — admin @ 6:17 pm

By Charles Moster 
For many lawyers practicing bankruptcy law, the operation has become routine – “mechanized” is perhaps the more apt description.  Particularly in the area of consumer bankruptcy (Chapter 7 and 13), there are a lot of forms being generated behind the scenes because software has made it easier to spin out what’s needed to secure a filing at rocket speed.  However, the world of Chapter 11 bankruptcy has remained a bastion of creative lawyering notwithstanding the improvement in technology. 

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December 10, 2008

Pre-Packaging Chapter 11 for Christmas

By Charles Moster
“So what do you want for Christmas, little Ricky?” 

“Well, I don’t want or need a Lexus and I’m already driving a Cadillac. Maybe putting GM into bankruptcy would be a super gift. After all, according to my bankruptcy attorneys it can come “pre-packaged”. Think how much I’ll save on the wrapping.” (more…)



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