Bankruptcy Law Shaken Up By Recent Cases: Judges

Law360, New York (April 22, 2010, 7:35 PM EDT) -- Recent rulings have raised important questions about several areas of bankruptcy law, including the effect of bad faith on a creditor's vote, the disclosure requirements for ad hoc committees and the bidding rights of secured lenders, according to a group of bankruptcy judges.

Judges from three New York-area bankruptcy courts participated in a panel discussion Thursday in Manhattan at the annual conference of the American Bar Association's litigation section and said the rulings unsettled some seemingly established aspects of bankruptcy law and will likely lead to...
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