By Lawrence R. Ahern III, Brown & Ahern (Nashville, TN)
Click here for part 1
Late last year, Congress amended the Bankruptcy Code in an attempt to make the Chapter 12 reorganization process more useful. The amendment passed with none of the gnashing of teeth and rending of garments that accompanied the 2005 amendments.1 The reason for the relative calm, as we shall see, is that the changes held potential advantages for both debtors and lenders.
Of course . . .
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