Wall Street Journal Op-Ed by Finance Professor David C. Smith Questions Need for Chapter 11 Overhaul

January 9, 2015

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David Smith

In a Jan. 8, 2015, op-ed in The Wall Street Journal, McIntire Finance Professor David C. Smith questions recommendations by the American Bankruptcy Institute Bankruptcy Reform Commission to overhaul corporate bankruptcy code. In the piece, titled “An Unnecessary Chapter 11 Overhaul,” Smith contends that many of the commission’s proposals would worsen the bankruptcy process, reduce recoveries, and raise the cost of financing for borrowers.
Read the full op-ed here.