Conclusion
| Jurisdiction | United States |
Chapter 11 is a complex process. It is a crisis for both debtors and creditors alike. Indeed, failure to successfully reorganize in a chapter 11 case can be as devastating to creditors as it is to the debtor. The committee should get organized as soon as possible, establish its leadership and lines of communication within the committee and with other parties, get the facts, and establish a plan of action and execute that plan with competent, dedicated professional...
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