Chapter 2 Overview

• Jurisdiction: United States

Chapter 2 Overview

A Practitioner's Guide to Liquidation and Litigation Trusts is written for attorney and non-attorney professionals who are primarily involved in corporate bankruptcy matters. It is also designed for those professionals outside of the bankruptcy profession who seek guidance on the most common issues faced in establishing, managing, monitoring and ultimately concluding a liquidation trust or litigation trust.

The narrative is organized into four sections. The first section provides an introduction to corporate bankruptcy and an overview of liquidation and litigation trusts from both business and legal perspectives. The second section discusses mechanisms for creating and managing these trusts. The third section addresses such specific issues as taxes, jurisdiction, case management, mass tort and environmental litigation. The fourth section deals with the factors involved in concluding these trusts. Exhibits and appendices are included to assist the reader with sample trust agreement provisions, sample provisions for bankruptcy plan and disclosure statements...