Series 79: Creditors’ Committees

Creditors’ Committees

A plan of reorganization must designate the treatment of different classes of claims. Typically, the plan will specify these classes as secured creditors, unsecured priority creditors, general unsecured creditors, and equity holders.

Shortly after the bankruptcy filing, the U.S. trustee will appoint, at a minimum, the members of an unsecured creditors’ committee, and may app