A Chapter 11 bankruptcy action provides a debtor with numerous protections from creditors. But sometimes getting that protection can be a challenge, as Dallas lawyer Clayton Bailey found out while defending Pilgrim’s Pride Corp. from more than 100 individual creditors’ claims for a collective $50 million in alleged contract obligations.
The appeal to the 5th U.S. Circuit Court of Appeals was particularly challenging because it involved the decisions of three different trial court judges related to 107 individual claims or suits filed against Pilgrim’s Pride, Bailey says.
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