Purpose of Unsecured Creditors' Committees. In order to increase creditor participation, section 1102 of the Bankruptcy Code requires that the United States . Trustee appoint a committee of unsecured creditors as soon as practicable. The. Committee ordinarily consists of the persons, willing to serve, who hold the.
Apr 6, 2015 ... Purpose of Unsecured Creditors' Committees. To increase participation in the chapter 11 proceeding, section 1102 of the Bankruptcy Code requires that the United States Trustee appoint a committee of unsecured creditors (the " Committee") as soon as practicable after the order for relief has been entered.
Jun 15, 2017 ... The Debtors in these Title III Cases, along with each Debtor's respective bankruptcy case number and the last four (4) digits of each Debtor's federal tax identification number, as applicable, are the (i) Commonwealth of Puerto Rico ( Bankruptcy Case No. 17 BK 3283-LTS). (Last Four Digits of Federal Tax ID: ...
Apr 5, 2018 ... Milbank represented the Official Committee of Unsecured Creditors of Breitburn Energy Partners LP in its chapter 11 restructuring.
Kramer Levin has been selected as counsel to the Official Committee of Unsecured Creditors of Seadrill Ltd., one of the world's largest offshore drilling companies. The seven-member committee consists of Nordic Trustee AS, Deutsche Bank Trust Company Americas, Computershare Trust Co., Daewoo Shipbuilding ...
Jan 20, 2017 ... In Chapter 11 bankruptcy, control rights are assigned to an official committee of unsecured creditors. This paper investigates the impact of the official committee on Chapter 11 outcomes using a novel dataset ..... unsecured creditors, Harner and Marincic (2011) find that conflicts among members of the UCC.