TITLE

A 32-Hour Bankruptcy: Wave of the Future?

AUTHOR(S)
Laughlin, Kate
PUB. DATE
February 2006
SOURCE
Investment Dealers' Digest;2/20/2006, Vol. 72 Issue 7, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the amended bankruptcy code in the U.S. This amendment has increase the speedy prepackaged bankruptcy to companies like Blue Bird Body Co. which gone through as a trend-setter for future bankruptcies. However, the Fort Valley filed its prepackaged bankruptcy plan and in just 32 hours of filing, Blue Bird had also received a court confirmation of its reorganization and new capital structure. Further, this prepackaged bankruptcy, cuts down extremely on the administrative cost to the filer.
ACCESSION #
19836068

 

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