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  • 标题:Intra-Committee Conflicts, Multiple Creditors’ Committees, Altering Committee Membership and Other Alternatives for Ensuring Adequate Representation under Section 1102 of the Bankruptcy Code
  • 本地全文:下载
  • 作者:Kurt F. Gwynne
  • 期刊名称:American Bankruptcy Institute Law Review
  • 印刷版ISSN:1068-0861
  • 出版年度:2006
  • 卷号:14
  • 期号:1
  • 出版社:School of Law
  • 摘要:The present creditors' committee under section 1102 of the Bankruptcy Code1 evolved from the former "protective committee" found in federal equity receivership cases. Protective committees were usually appointed for each class of public debt. Today, a single creditors' committee is often appointed to represent the interests of all unsecured creditors as a class. As a result, the unsecured creditors' committee represents diverse creditor groups that often have competing interests. In some instances, the competing interests of creditors' committee members may result in a situation where the creditors' committee is not adequately representing the interests of a particular creditor group. Often, the dispute arises because a committee member allegedly has a competing fiduciary or contractual duty or because a particular creditor group believes that it is under-represented or disenfranchised. In those cases, the bankruptcy court usually must determine whether it is necessary to appoint an additional committee under section 1102(a)(2) of the Bankruptcy Code so that the creditor group is adequately represented. A bankruptcy court may also consider some other form of relief, such as altering the creditors' committee membership or appointing an official subcommittee to insure that a creditor group is adequately represented in the reorganization process.
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