Viewpoint: Jevic Ruling Could Limit Chapter 11 Exit Strategies

Overview


Darren Azman and Michael Galen wrote this bylined article on Czyzewski v. Jevic Holdings Corp., a pending US Supreme Court case to determine whether a bankruptcy court may approve the structured dismissal of a Chapter 11 case on terms that violate the Bankruptcy Code’s priority scheme. The Court is expected to “weigh in on structured dismissals as a means to negotiate settlements when neither plan confirmation nor Chapter 7 liquidation is a viable option,” the authors wrote.