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Did 'Jevic' Doom Future Chapter 11 Recovery Efforts by Unsecured Creditors?

A majority of today’s large Chapter 11 cases are structured as quick Section 363 sales of all the debtor’s assets followed by confirmation of a plan of liquidation, dismissal of the case, or a conversion to a Chapter 7. The purchaser in the sale is often one of the debtor’s prepetition secured...

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