Lengthy Ch. 11s Fizzle As Out-Of-Court Debt Solutions Rise

Law360, New York (August 6, 2013, 9:35 PM EDT) -- As prenegotiated bankruptcies and quick sale transactions become more popular among large and mid-market companies struggling to regain control of their finances, the days of the protracted, sometimes years-long Chapter 11 process appear to be winding down, experts say.

Chapter 11 filings overall have been declining in the past few years, but bankruptcy experts say the prolonged, traditional reorganization is down, as well. Some have gone as far as to say that with a few exceptions, those days are in the past.

This is partly thanks...
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