The standard end goal of a chapter 11 bankruptcy is the confirmation, or court approval, of the debtor’s plan for reorganization or liquidation. The confirmation process is often rife with dispute and litigation.
Chicago, IL (PRWEB)
May 17, 2017
No matter the involvement in a bankruptcy proceeding, there is a real chance of winding up litigating some issue. Litigating in bankruptcy court, however, is very different than litigating in any other federal or state court because the customs, rules and players are all different. Whether for a general litigator or a business person who has never had to fight in bankruptcy court, this Financial Poise webinar series explains some of the more commonly litigated issues in bankruptcy cases.
The 5th episode of the Bankruptcy Battle Royale – Common Litigation Scenarios series, “Contesting Confirmation,” (Register Here) airs on May 30th and features Moderator Lisa Vandesteeg of Sugar Felsenthal Grais & Hammer. Lisa is joined by Leanne Prendergast of FisherBroyles, Rob Feinstein of PSZJ and Michael Riela of Tannenbaum Helpern.
The standard end goal of a chapter 11 bankruptcy is the confirmation, or court approval, of the debtor’s plan for reorganization or liquidation. The debtor’s plan is the document that controls the methodology and order by which the debtor plans to pay its creditors. The plan is subject to comment and criticism by any party affected by it – namely, each and every creditor of the debtor, potential targets of causes of action that the debtor may have, and parties that may have potential causes of action against the debtor. The confirmation process is often rife with dispute and litigation. There are battles not only over specific plan provisions, but also those regarding the fundamental…