This newest edition of Collier's Handbook for Creditors' Committees contains all the practical guidance members of a committee need for participation in the debtor's reorganization, with forms, sample letters and more. The handbook has been fully updated to reflect the latest changes in the law, and contains the latest advice and case law on all aspects of creditors' committees in chapter 11 cases including the issues surrounding the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 and committees in out-of-court workouts and chapter 7 liquidation cases. Inside you'll also find information on:
• The role, duties and powers of a creditors' committee, including the obligation to provide creditors with access to information and to solicit comments from creditors
• Eligibility to serve on a committee
• Creation and composition of a committee
• Convening the first meeting
• How to organize the committee and select officers
• By-laws to provide "rules of the road" for committee operation
• Fiduciary responsibilities
• Plan negotiations
• Compensating professionals utilized by the committee
• Reimbursement of expenses incurred by the committee
• Terminating the committee
• The role, duties and powers of a creditors' committee, including the obligation to provide creditors with access to information and to solicit comments from creditors
• Eligibility to serve on a committee
• Creation and composition of a committee
• Convening the first meeting
• How to organize the committee and select officers
• By-laws to provide "rules of the road" for committee operation
• Fiduciary responsibilities
• Plan negotiations
• Compensating professionals utilized by the committee
• Reimbursement of expenses incurred by the committee
• Terminating the committee
Bankruptcy practitioners, corporate counsel, and members of creditors' committees will find this guide indispensable for smooth and successful conduct of a chapter 11 creditors' committee. Purchase Collier's Handbook for Creditors' Committees today, because your clients deserve the best.