Do confirmed Chapter 11 plans consummate? The results of a study and analysis of the law
Article Abstract:
A study was done of the success rate of predictions made in the feasibility stage, prior to plan confirmation, of 260 Chapter 11 bankruptcy cases heard in the US Bankruptcy Court in Poughkeepsie, NY between 1980 and 1989. The study confirmed many of the results of an earlier study performed between 1979 and 1986. The results of the survey indicate that a debtor has about a 6.5% chance of having their plan confirmed and remaining in business. Creditors are likely to receive distributions from confirmed plans 10% of the time. The background of Chapter 11 plan confirmation and study's methodology are also covered.
Publication Name: Commercial Law Journal
Subject: Law
ISSN: 0010-3055
Year: 1992
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Chapter 11 financial reporting rules for debtors: the impact on creditors, shareholders, new investors, and the bar
Article Abstract:
The new financial reporting standards for Chapter 11 bankruptcy reorganizations will help all non-debtor parties. The standards come in a Statement of Position (SOP) from the American Institute of Certified Public Accountants. The SOP will correct inconsistencies in accounting while accommodating the evolution of finances as Chapter 11 proceeds. Shareholders, creditors, new investors and the bar will benefit from the new standards.
Publication Name: Bankruptcy Developments Journal
Subject: Law
ISSN: 0890-7862
Year: 1992
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How United States v. Noland prohibits the disallowance of punitive damages claims in chapter 11
Article Abstract:
The US Supreme Court holding in United States v. Noland implies that bankruptcy courts' use of disallowances in denying punitive damages claims is no longer acceptable. A separate classification of punitive damage claims does provide courts with results similar to disallowances. A court may be unable, however, to separately examine each claim in large cases.
Publication Name: Bankruptcy Developments Journal
Subject: Law
ISSN: 0890-7862
Year: 1997
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