Investors Alarmed As Rule 2019 Uncertainty Persists

Law360, New York (January 28, 2010, 5:22 PM EST) -- The controversy over whether distressed debt investors should be forced to disclose how much they paid for their bankruptcy claims is growing, with contradictory court opinions and contentious amendment proposals only adding more fuel to the Rule 2019 debate.

With roots in the 1930s, Bankruptcy Rule 2019 was initially crafted to help boost transparency in bankruptcy cases, but the crux of the current fight is over just how much data informal groups of creditors, often made up of distressed debt investors, should be forced to hand...
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