Once a company files for Chapter 11 bankruptcy, it must sort through a myriad of potential issues and transition into operating as a business subject to the Bankruptcy Code. Through various “First-Day Motions,” a debtor will seek immediate relief to avoid a complete shutdown of the company’s operations and reduce the administrative burdens associated with bankruptcy.
Troutman Pepper Locke's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.
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