Overview of ABI Commission Report and Recommendation on the Reform of Chapter 11 of the Bankruptcy Code

Skadden, Arps, Slate, Meagher & Flom LLP

Van C. Durrer II Jay M. Goffman Mark A. McDermott George N. Panagakis

Following two years of comprehensive evaluation of U.S. business reorganization laws, the Commission to Study the Reform of Chapter 11 released its final report on December 8. The report addresses numerous aspects of Chapter 11 and recommends, among other key aims, resolving uncertainty and circuit splits under current law by promoting efficiencies and reducing litigation costs.

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