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Partner Scott Zuber in the National Law Journal's Special Bankruptcy & Corporate Restructuring Section: "Bigger, Faster, Cheaper"
Publisher: National Law Journal
11/30/2009
The recession has caused a surge in the number of bankruptcy filings in the United States. While the collapse of major companies has generated millions in fees for some law firms, smaller firms have also benefited from the more than 30,000 filings in 2009. These filings are also becoming increasingly more sophisticated and faster moving.
A result, according to Day Pitney Bankruptcy co-chair Scott Zuber, is the increase of rapid asset sales, or 363 sales, named for the section of the U.S. Bankruptcy Code. "There are more and more 363 sales where the process has been truncated and accelerated," he said.
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Related Practices: Bankruptcy and Creditors' Rights
Related Professionals: Scott A. Zuber
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Publisher: National Law Journal
11/30/2009
The recession has caused a surge in the number of bankruptcy filings in the United States. While the collapse of major companies has generated millions in fees for some law firms, smaller firms have also benefited from the more than 30,000 filings in 2009. These filings are also becoming increasingly more sophisticated and faster moving.
A result, according to Day Pitney Bankruptcy co-chair Scott Zuber, is the increase of rapid asset sales, or 363 sales, named for the section of the U.S. Bankruptcy Code. "There are more and more 363 sales where the process has been truncated and accelerated," he said.
View Article
Related Practices: Bankruptcy and Creditors' Rights
Related Professionals: Scott A. Zuber
email to your friend