Tag Archives: Chapter 11 Reform

Revisiting Old Guidelines: ABI Commission to Issue Chapter 11 Reform Recommendations

After nearly four decades since the U.S. Bankruptcy Code was passed, the American Bankruptcy Institute established a commission to revisit the guidelines that no longer fit in the current world of complex bankruptcy workouts and turnarounds. After discussions, field hearings and deliberations, the ABI Commission to Study the Reform of Chapter 11 plans to make its recommendations at the end of the year for a major overhaul.