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Navigating Corporate Bankruptcy In The Electronic Age

Law360, New York (January 15, 2015, 11:24 AM EST) -- Within the corporate bankruptcy landscape, electronic proofs of claim (ePOCs) are here to stay, and electronic ballots are quickly emerging in cases where the U.S. Bankruptcy Court allows them in place of traditional paper-based voting and solicitation. While electronic signatures and electronic verification are the commonly used technologies making ePOCs and e-balloting possible, they represent different approaches with contrasting schools of thought and potential legal implications. As corporate restructuring professionals increasingly adopt electronic strategies within Chapter 11 proceedings, understanding these differences is vital to choosing the right course for each case.

Electronic submissions are as common as physical signatures in today’s...

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