When a business files a bankruptcy petition, its ability to run its business, including handling disputes, is transformed. There is a specialized Bankruptcy Court that supervises virtually all major decisions. It follows a set of rules that resembles the federal rules of civil procedure but is just different enough to be jarring for regular business litigators. Plus, the automatic stay that is imposed once the debtor files its petition pervades all dealings with and about the debtor. Kathy McLeroy and Joseph Sorkin and others (including at least one judge) talk about some of the unique aspects of litigating in bankruptcy court.
To The Extent That… Podcast Archive
In-Depth Look at Business Law Topics. Legal luminaries discuss groundbreaking cases, changes in the legal landscape, regulatory challenges, and more.