In the current economy, many Chapter 11 cases are used as a vehicle to sell estate assets free and clear of liens and other claims. By obtaining court approval, the assets can often be sold for a ...

Chapter 11 plans that propose to extinguish existing equity interests because the estate does not have any value remaining after the payment of creditor claims are common. The Bankruptcy Code's ...

If a debtor can pay all the money it promised to pay, should it be required to do so, despite having filed for bankruptcy? Three federal courts of appeals have said yes, but there was a dissent in ...