MF Global Seeks Approval to Liquidate Assets

Reuters reported that MF Global Holdings will seek court approval of a plan to liquidate its assets and repay creditors.

Is Chapter 11 Still a Viable Option?

Companies emerging from Chapter 11 as reorganized debtors as we used to know them have become rare. Attorney Jeffrey Wurst explains that middle-market companies generally cannot afford or withstand the high cost of a Chapter 11 in today’s environment and notes that alternatives will become even more popular.

The Estate as the Buyer’s Partner in §363 Sales

Recently, a bankruptcy judge with a long tenure on the bench told a group gathered at an insolvency conference that the bench�s role in overseeing modern commercial bankruptcy cases amounts to running a laundry service, as most cases involve little more than putting the debtor in the bankruptcy washing machine to cleanse its valuable assets […]