Chapter 11 - "101" From: American Bankruptcy Institute Journal | Date: July 1, 2003| Author: | Copyright American Bankruptcy Institute Jul/Aug 2003. Provided by ProQuest LLC.Copyright information

Welcome to the Jungle

Editor's Note: This is the first of a series of essays on chapter 11 practice for the newly minted chapter 11 professional. In this article, the authors give an overview of the jungle that can be chapter 11, offering a few words on what bankruptcy is about, and then a brief description of the game and the players. Almost everything stated here will also be covered at greater length in subsequent columns.

The overwhelming majority of bankruptcy cases involve debtors who have no assets to distribute to creditors and who are filing just to get the discharge. There were ...

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