Viewpoint: Structured Dismissals are a Valuable Tool that Should be Preserved

Wall Street Journal Pro: Bankruptcy

"It is perhaps unsurprising that chapter 11 cases often present challenging circumstances to both debtors and creditors. But as a chapter 11 professional with more than 30 years of experience, it is part of my job to make the most out of a bad situation, and I’ve found that so-called 'structured dismissals' are an invaluable tool for estates to preserve and maximize value when debtors are in their nadir. Recognizing their utility, courts throughout the country, in numerous reported and unreported decisions, have permitted structured dismissals."

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Related Contacts
Jay Indyke Partner, New York
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Business Restructuring & Reorganization