It is common practice for a company that files for bankruptcy protection to immediately seek, in its “first day” motions, authority to pay the prepetition claims of certain vendors that the debtor deems to be critical to the success of its bankruptcy case. A debtor seeks this authority on the premise that its business would be irreparably disrupted and its efforts to maximize value for its estate and creditors would be severely impaired if these “critical vendors” refuse to provide goods and services post-petition.Click here to view the full article
PROFESSIONALS | Lawyers
Access the profiles of the more than 350 Lowenstein Sandler lawyers who provide critical legal counsel to clients in virtually every sector of the global economy...
NEWS & INSIGHTS | Firm News
Discover the latest updates and developments about Lowenstein Sandler...
NEWS & INSIGHTS | Publications
Access our insightful thought leadership, including articles, client alerts, and blog posts...