We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

New Rules Pushing Turnaround Execs Out The Door

Law360 (April 26, 2006, 12:00 AM EDT) -- Tightened bankruptcy regulations may be preventing troubled U.S. manufacturing industries from attracting turnaround executives and retaining key players on management teams.

Some attorneys and turnaround executives are already seeing the negative effects of the Bankruptcy Abuse Prevention and Consumer Protection Act, which went into effect last October, and claim that the regulations are pushing struggling companies into an increasingly precarious position.

“Part of bringing in a turnaround CEO is to get lenders and the workforce to believe that there is a future. The vibe of the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.