Surprise: You Filed for Bankruptcy - Now What?
Journal of Bankruptcy Law, November/December 2009
6 Pages Posted: 29 Aug 2009 Last revised: 5 Dec 2012
Date Written: August 28, 2009
Since the April 2005 passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), companies have discovered that bankruptcy has become a quicksand of unexpected surprises that quickly forces companies into liquidation or forced asset sales under section 363 of the Bankruptcy Code. This paper summarizes four big 'surprises' that await companies as a result of passage of BAPCPA.
Keywords: Bankruptcy, BAPCPA, Reorganization, Liquidation
JEL Classification: G33, K00, K22, K40
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