Chapter 11 no longer a safe haven

After posting about the details on Charter Communications Chapter 11 filing announcement, I read this post from the Bankruptcy Beat which is from an ongoing bankrutpcy conference where Harvey Miller a top bankruptcy attorney talked about how recent changes to the Chapter 11 rules have worked against companies filing for protection.  Miller said, ““Companies are avoiding Chapter 11 as the plague. It is the last option.”

Bankruptcy Beat posting

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