Disposition of Surplus Assets in Liquidating Bankruptcy Estates.
- Resource Type
- Article
- Authors
- DAY, JAMES W.; HIRSCHFIELD, MARC E.
- Source
- ABI Journal; May2013, Vol. 32 Issue 4, p18-47, 3p
- Subject
- BANKRUPTCY
LIQUIDATION
DEBTOR & creditor
CORPORATE reorganizations
- Language
- ISSN
- 19317522
The article discusses the problems associated with the disposition of surplus funds in liquidating bankruptcy estates. It mentions the instances wherein the provisions in a debtor's reorganization plan relating to the disposal of unclaimed distributions are not operable. It notes the lack of information in Bankruptcy Code on how to dispose of surplus funds when distribution will either require a wasteful administrative expense or payment provision in a reorganization plan.