Creditor Committees in ‘Meltdown’ Chapter 11 Cases: Recent Trends and Issues

October 2009Articles The Bankruptcy Strategist, Vol. 26, No. 12

The global recession and the resulting worldwide macroeconomic conditions are among the factors that have made it difficult for creditor committees to find their role in many Chapter 11 cases where the secured lender is completely underwater. Joshua Klein examines recent trends and issues that have emerged in such cases.