How To Comply With Local Ch. 11 Procedural Guidelines
October 23, 2013, 12:44 PM EDT
Law360, New York (October 23, 2013, 12:44 PM EDT) -- Certain jurisdictions have established procedural guidelines for prepackaged cases. Prior to preparing a case for filing, the website for the applicable bankruptcy court should be checked to ascertain whether guidelines exist in that jurisdiction. Even in jurisdictions that do not have guidelines, counsel should review and consider the guidelines promulgated by other courts in preparing for a Chapter 11 filing.
For example, the United States Bankruptcy Court for the Southern District of New York established rules for prepackaged Chapter 11 cases. Under the Procedural Guidelines for...