
Why is the current Chapter 11 such a bad fit for small businesses? Why do so few small business bankruptcies lead to a Plan of Reorganization? What are some of the proposals being considered to fix the mismatch between the Chapter 11 code and the needs of debtors and creditors in small business bankruptcies? Ms. Juliet Moringiello, ABI Resident Scholar, and Professor Melissa Jacoby of UNC School of Law recently discussed these important and interesting issues.
This post is Part II. Part I is the previous blog post.
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Why is the current Chapter 11 such a bad fit for small businesses? Why do so few small business bankruptcies lead to a Plan of Reorganization? What are some of the proposals being considered to fix the mismatch between the Chapter 11 code and the needs of debtors and creditors in small business bankruptcies? Ms. Juliet Moringiello, ABI Resident Scholar, and Professor Melissa Jacoby of UNC School of Law recently discussed these important and interesting issues.
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