Rehabilitating a debtor’s business and maximizing the value of its estate for the benefit of its various stakeholders through the confirmation of a chapter 11 plan is the ultimate goal in most chapter 11 cases. Achievement of that goal, however, typically requires resolution of disagreements among various parties in interest regarding the composition of the chapter 11 plan and the form and manner of the distributions to be provided thereunder.
USA, Insolvency & Restructuring, Litigation, Jones Day, Bankruptcy, Debtor, Unsecured debt, Collateral (finance), Interest, Voting, Secured creditor, Unsecured creditor, Sprint Corporation, Dish Network, MFG.com, Title 11 of the US Code, Second Circuit, Third Circuit, First Circuit
In a recent case1 the High Court held that the purported out of court appointment of administrators over a Guernsey registered limited partnership was void because the appointor used the incorrect form when giving notice of its intention to appoint.
Background
Guernsey, United Kingdom, Insolvency & Restructuring, Litigation, Mayer Brown, Debtor, Debt, Limited partnership, Initial public offerings, Investment funds, Insolvency Act 1986 (UK)