Brisar: A Rare Happy Ending for Everyone In Ch. 11

Law360, New York (December 5, 2011, 2:30 PM EST) -- In this age of failing companies, tight capital markets and high-profile liquidations, the story of a small business that emerges from the bankruptcy process with its operations intact and its workers employed, without the need for high-interest financing or increased capitalization, is an increasingly rare one. In the case of Brisar Industries, the collective efforts of the debtor and its secured creditors demonstrated that where there is a will, there is still a way.

Brisar, a commercial packaging company, was incorporated in 1987 and operated out...
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