If you want to get up to speed on corportate bankruptcy-related issues, check out Basic Bankruptcy Issues: A Primer for In-House Counsel, which was written by Carmen Lonstein, Esq. of Baker & McKenize.   This primer is intended to provide guidance on basic business bankruptcy issues to in-house counsel with a limited background in bankruptcy matters and is a great resource for contract attorneys seeking to learn the Chaper 11 bankruptcy process.

The primer covers such topics as:

- Types of Business Bankruptcy Cases And Key Players
- Fundamental Bankruptcy Concepts
- Basic Chapter 11 Concepts
- Some Basic Creditor Remedies And Strategies

For the full primer click here.

Financial actors such as hedge funds increasingly influence large Chapter 11 cases, such as Chrysler’s and GM’s.

With Chrysler LLC’s sale to Fiat SpA past the U.S. Supreme Court, and with General Motors Corp. commencing its own “surgical” bankruptcy on the Chrysler model, it may be tempting to think that we’ve turned a corner: Tentative deals with most major stakeholders of the automakers assure a quick trip through the Chapter 11 emergency room. Now, we might think, it is just a matter of convalescence. This sense of relief may help to explain why the S&P 500 stock market index reached a 2009 high the same day GM declared bankruptcy.