Unsecured Creditor Carve-outs: Chapter 11 Misery Makes Strange Bedfellows

David Conaway
Shumaker, Loop & Kendrick, LLP
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There are a number of "creditor remedies" that can be utilized to maximize recovery from an insolvent customer. This article addresses one such "remedy": a carve-out from the pre-petition secured lender.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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