Defining and Achieving Objectives
| Jurisdiction | United States |
At the outset of the case, the committee must achieve focus and remain focused on its objectives. The goal of a committee in any chapter 11 case is to maximize the value received by the unsecured creditors. To do this, the committee must formulate and stick to a game plan, recognizing the need to be flexible as conditions change. Having developed its game plan, the committee must engage in timely and purposeful activity to achieve its goals.
Initially, the committee should...
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