Time Spent In Chapter 11 Doesn’t Affect Costs: Study

Law360, New York (December 7, 2007, 12:00 AM EST) -- The amount of time spent in Chapter 11, the jurisdiction a case files in and the law firms representing the debtor all have very little effect on the total cost of a bankruptcy case, according to a study released Friday by the American Bankruptcy Institute.

Instead, the size of the debtor, the number of professionals retained, the presence of a committee and even whether motions are filed on the first day play a much bigger role, the study found.

“Chapter 11 costs are largely a function...
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