October 18, 2016
Special counsel Benjamin D. Feder’s blog post, “Jevic Could Be the Most Consequential Chapter 11 Decision in Many Years,” was included in Rust Omni Bankruptcy Today’s newsletter, which provides access to recent significant chapter 11 case filings, relevant restructuring news and samples of current distressed company profiles. Originally published in Kelley Drye’s Bankruptcy Law Insights blog, the post discusses the impact the case Czyzewski v. Jevic Holding Corp. could have on Chapter 11 bankruptcy practice. One of the many aspects the case decision could affect includes whether a bankruptcy court can permit parties to “structure” the dismissal, when dismissing a case under U.S. Bankruptcy Code, to include substantive provisions regarding the distribution of assets of a debtor’s bankruptcy estate, instead of simply dismissing the case and leaving parties to their remedies under applicable non-bankruptcy law.
To read the full blog post, please click here.