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Last RightsLiquidating a Company$
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Ben S. Branch, Hugh M. Ray, and Robin Russell

Print publication date: 2007

Print ISBN-13: 9780195306989

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780195306989.001.0001

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 The Basics of Liquidation

 The Basics of Liquidation

Chapter:
(p.3) 1 The Basics of Liquidation
Source:
Last Rights
Author(s):

Dr. Ben S. Branch (Contributor Webpage)

Hugh M. Ray

Robin Russell

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195306989.003.0001

This chapter discusses general liquidation principles and strategies to provide the reader with an overview of the procedure for liquidation under Chapters 7 and 11 of the United States Bankruptcy Code. The central focus is on the roles of the players in the liquidation process including the bankruptcy judge, the debtor in possession, the United States Trustee, the secured creditors, and the Creditors' Committee, which represents unsecured creditors such as indenture trustees, bondholders, landlords, trade vendors, and employees.

Keywords:   secured, unsecured, creditor, debtor, indenture trustee, trade, vendor, creditors' committee

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