Actions Against Directors, Officers Common After Chapter 11 Bulk-Asset Sales Leave Nothing to Recover-
In the event of Chapter 11 Bankruptcy, creditors often look to recover funds by individually targeting directors or...more
Who’s To Blame?
Lenders may seek to replace or diminish the role of one or more members of the “C suite” in order to shift blame and to demonstrate up the chain of command that they have taken appropriate action. One...more
Understanding the role of the chief restructuring officer has never been more important. Here’s what a CRO can and cannot do.
In recent years, chief restructuring officers (CROs) have increasingly been assigned to assist...more