16.6 Conclusion

LibraryBankruptcy Practice in Virginia (Virginia CLE) (2017 Ed.)

16.6 CONCLUSION

A bankruptcy practitioner must remain vigilant in advising clients seeking to file or participate in cases under title 11. Conduct potentially subject to criminal sanction is implicated at every stage of both reorganization and liquidation proceedings. Attorneys must be prepared to identify client acts that may "cross the line" and also avoid being implicated personally in any prosecution that may focus on a client. Case law demonstrates that clients often seek to blame their conduct on the...

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