What are creditors’ committees?
June 22, 2017Is bankruptcy morally wrong?
June 22, 2017Our Professional Answer:
When you talk about avoiding powers in a Chapter 11, what you’re discussing is the power of the debtor-in-possession, to reduce liens on property to the actual value of the property and convert what otherwise was a secured debt to an unsecured debt. This is a very powerful tool when you’re restructuring the total debt on all of the property that you’re hoping to save in a Chapter 11.
