Articles From Richard G. Grant, P.C.

What is a Creditors' Committee?

Most parties involved in a Chapter 11 Bankruptcy are represented by counsel. The debtor will have counsel (or the case would not have been filed). Of course, the large secured lenders have counsel ...

What is a Debtor-in-Possession?

In general, a Debtor-in-Possession the title given to the debtor or management of the debtor when it is acting in the capacity of the trustee (see below) of its own assets in a Chapter 11 bankruptcy. ...
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