Publications

Fifth Circuit Shows Reorganization Investors How to Get and Keep an Expense Reimbursement Order

October 2011
Pratt's Journal of Bankruptcy Law

The U.S. Court of Appeals for the Fifth Circuit, on Aug. 16, 2011, affirmed the lower court's decision authorizing reimbursement of expenses to qualified bidders for a reorganization debtor's assets. In the court’s view, the debtor provided "a compelling and sound business justification for the reimbursement authority."