Expedited Bankruptcies Are Cause For Concern

Law360 (June 9, 2021, 5:06 PM EDT) -- The U.S. Trustee's Office, the bankruptcy watchdog for the U.S. Department of Justice, recently reaffirmed its general opposition to so-called shotgun bankruptcy cases, or Chapter 11 bankruptcy cases in which the debtor seeks to either confirm a plan or sell substantially all its assets in a matter of weeks, or less, after the petition date.

The U.S. trustee views these high-speed cases as an abuse of the Bankruptcy Code, permitting debtors and lenders to obtain the benefits of a sale or confirmation order approved under the Bankruptcy Code without the attendant burdens and disclosures prescribed by the same.

The abuse, the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!