Sooner or later, the bottom will fall out for many of the Internet companies struggling to make a buck in the already cluttered World Wide Web. But dot-coms hoping to survive a Chapter 11 bankruptcy reorganization will find legal help hard to come by. Some bankruptcy practitioners indicate that law firms will be reluctant to take on cases of failing Internet companies without significant material assets, brand name recognition and the full backing of investors.
March 13, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Sooner or later, the bottom will fall out for many of the Internet companies struggling to make a buck in the already cluttered World Wide Web. But dot-coms hoping to survive through a Chapter 11 bankruptcy reorganization will find legal help hard to come by.
Local bankruptcy practitioners indicate that law firms will be reluctant to take on cases of failing Internet companies without significant material assets, brand name recognition and the full backing of investors.
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