The Fifth Circuit’s recent decision in In re GFS Industries could change the game for corporate debtors using Subchapter V. This ruling supports the controversial Cleary Packaging decision, making it harder for these debtors to get a fresh start.
Find out what this means for bankruptcy cases and the legal landscape.
Read the full analysis by our partners from the Bankruptcy and Creditors Rights Practice Group at Mandelbaum Barrett PC: Jeffrey M. Rosenthal, Vincent J. Roldan, and Joshua S. Bauchner in the New York Law Journal.
Click here to read the full article.