Historically, business disputes were resolved informally and, if a resolution was not achieved, litigation ensued. Recently, a trend has emerged of pursuing business disputes and collection actions through the bankruptcy system by forcing companies into involuntary bankruptcy. Such a strategy may backfire by causing the complete meltdown of the business-guaranteeing little or no recovery for all unsecured creditors, including those unsecured creditors who filed the involuntary petition.
When an involuntary proceeding may be brought
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
