When handling bankruptcy matters, lawyers must take care to reserve claims their clients want to pursue after a court confirms a Chapter 11 plan of reorganization. While it still is not completely clear what language attorneys must include in the reorganization plan or the disclosure statement to preserve these claims, the 5th U.S. Circuit Court of Appeals recently has clarified the law on point.
Special Report: Bankruptcy Law
Requirements for Claim-Reservation Provisions Growing Clearer
February 18, 2013
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