Restructuring and insolvency: time to rebuild

An overview of the US bankruptcy code, including an outline of Chapters 7, 11 and 15 of the Bankruptcy Code and an overview of involuntary proceedings, creditor status in bankruptcy, and parent, director and lender liability.

This article is part of the PLC US Special Report, which was published to mark the launch of PLC's first US services.

Robert J Rosenberg, Michael J Riela and Sheri M Kanesaka, Latham & Watkins LLP

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