Perspective
Mar. 1, 2016
New way to exit Chapter 11 bankruptcy cases on the rise
There are three conventional ways for exiting a Chapter 11 bankruptcy case, but a fourth alternative, the "structured dismissal," is increasingly common. By David Kupetz
David S. Kupetz
Shareholder
SulmeyerKupetz PC
333 S Grand Avenue, Suite 3400
Los Angeles , CA 90071-1406
Fax: (213) 629-4520
Email: dkupetz@sulmeyerlaw.com
UC Hastings College of the Law
David is an expert in bankruptcy, business reorganization, restructuring, assignments for the benefit of creditors, and other insolvency solutions.
There are three conventional ways for exiting a Chapter 11 bankruptcy case: (1) confirmation of a plan of reorganization; (2) dismissal of the case, resulting in the parties returning to their pre-bankruptcy positions; and (3) conversion of the case to a Chapter 7 case where a trustee takes over and liquidates assets.
However, a fourth alternative, known as a "structured dismissal," is increasingly common. In Jevic Holdin...
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