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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.