Valerie P. Morrison

Valerie P. Morrison | Wiley Rein LLP

Franchisors dealing with financially distressed franchisees will find that three maxims generally hold true: an out-of-court work-out is usually preferable to a Chapter 11 filing or receivership; if bankruptcy or receivership is unavoidable, a pre-packaged or pre-negotiated restructure plan is...

Valerie P. Morrison | Wiley Rein LLP

The Bankruptcy Abuse and Consumer Protection Act of 2005 includes several provisions that now require creditors and others affected by the filing to take swift action to protect their rights and to take advantage of the new pro-creditor provisions. Limitation On Exclusivity The debtor has an...