Bankruptcy Committees: Strategies to Maximize Distribution to All Creditors
Restructuring & Finance Litigation co-chair Stephen B. Selbst and partner Steven B. Smith presented a CLE course, "Bankruptcy Committees: Strategies to Maximize Distribution to All Creditors." The pair discussed how counsel representing committee members and counsel for committees address recurring and new issues. Official committees, most often unsecured creditors committees, remain critical to reigning in secured lenders. Ad hoc committees provide creditor groups that share a common agenda with a streamlined, cost-effective, and unified voice. The panel guided counsel for these groups and their members in maximizing distribution.