Skadden comment on Chapter 11 reforms proposed by the ABI

Skadden comment on Chapter 11 reforms proposed by the ABI

Skadden, Arps, Slate, Meagher & Flom LLP comment on the ABI’s far reaching proposals to reform chapter 11 of the US Bankruptcy Code.

Proposed reforms to Chapter 11

Click here to view Skadden, Arps, Slate, Meagher & Flom LLP's paper on the reforms to Chapter 11 of the US Bankruptcy Code proposed by the American Bankruptcy Institute (ABI).

There has been a growing view that Chapter 11 does not work efficiently for many debtors and is prohibitively expensive.

Accordingly, the ABI established a Commission made up of some of the most prominent Chapter 11 professionals in the US to evaluate US business reorganisation laws. The culmination of the Commission’s work was a 400-page report and recommendation dated 8 December 2014.

The ABI rep

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About the author:

Neeta has been working as a paralegal in Banking and Insolvency for the past 4 and a half years.

She started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice Course. She moved to Lexis®PSL in April 2013.