• Proposed Bankruptcy Reform Bill to Loosen Restrictions on Retention of Investment Bankers
  • March 25, 2005 | Author: Richard A. Stieglitz
  • Law Firm: Dechert LLP - New York Office
  • The primary provisions of the new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the "Act") will dramatically alter the landscape of personal bankruptcies. Somewhat less publicized, however, is a provision of the Act applicable to business bankruptcies, relating to investment bankers' serving as professionals for corporate debtors and bankruptcy trustees.