New Business Bankruptcy Amendments

Jay Indyke, a partner in the Firm's Bankruptcy & Corporate Restructuring Department, recently co-authored one of the first published articles on the new business bankruptcy amendments which go into effect on October 17, 2005. The article is entitled "New Bankruptcy Code Amendments: Major Changes Shift Leverage in Favor of Special Interests" and appears in two parts in the July/August and September 2005 editions of the ABF Journal. The article highlights changes that, in the opinion of the authors, are surprisingly dramatic in business insolvencies, will directly impact debtors, lenders and creditor constituencies, and are likely to make the process of corporate renewal in Chapter 11 more difficult and contentious.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.