Supreme Court Provides Guidance on the Use of Structured Dismissals in Bankruptcy

The United States Supreme Court (the “Court”) recently issued a long-awaited decision in Czyzewski v. Jevic Holding Corp. (“Jevic”), which limits the use of “structured dismissals” in Chapter 11 bankruptcy cases, requiring structured dismissals pursuant to which final distributions are made to comply with the Bankruptcy Code’s priority scheme, or the consent of all affected parties to be obtained.1

What is a Structured Dismissal?

Filed under:
USA, Insolvency & Restructuring, Litigation, Winston & Strawn LLP, Supreme Court of the United States, United States bankruptcy court
Authors:
Linda T. Coberly , Gregory M. Gartland , Melanie Gray , Steffen N. Johnson , Elizabeth P. Papez , Justin E. Rawlins , Carey D. Schreiber
Location:
USA
Firm:
Winston & Strawn LLP