Keywords
Chapter 11 Petitions, Bankruptcy, Good Faith Standard, Consecutive Petitions
Abstract
This Note argues that bankrtupcy courts should apply a good faith standard that imposes a higher level of scrutiny before permitting a debtor to proceed with a second filing and plan. This Note proceeds to analyze the good faith standards for consecutive Chapter 11 petitions established in different jurisdictions. This Note then proceeds to explore the threat consecutive provisions pose to the Bankruptcy Code's lease and executory contract provisions. This Note then analyzes how consecutive filings can undermine the Code's basic creditor protections, and concludes that courts should apply a rigorous good faith standard consistent with recent decisions from the Northern Districts of Georgia and New York.
Recommended Citation
Jonathan Moss,
"Consecutive" Chapter 11 Filings: Use or Abuse?,
19 Fordham Urb. L.J. 111
(1991).
Available at: https://ir.lawnet.fordham.edu/ulj/vol19/iss1/4