Ch. 11 Pros Argue For More CROs, Strong Creditor Groups

Law360, New York (November 1, 2013, 7:39 PM EDT) -- Chief restructuring officers should be awarded greater leniency under the U.S. Bankruptcy Code and the practices of unsecured creditors committees should not be altered, bankruptcy experts told a commission looking into potential areas to reform under Chapter 11 on Thursday.

At a panel discussion before the American Bankruptcy Institute’s Commission to Study the Reform of Chapter 11, people involved in and retired from the corporate bankruptcy community offered their insights into what, if anything, in the Bankruptcy Code should be changed to better accommodate the restructuring...
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