WILMINGTON, DEL.—To date, most attention on ethics and corruption issues in the bankruptcy process has been focused on Chapter 11 cases. However, Womble Carlyle Bankruptcy attorneys Mark Desgrosseilliers
and Matthew Ward point out that trouble can occur even in Chapter 7 liquidation cases.
Desgrosseilliers and Ward have written an article on “Who's Watching the Watchmen? - Ethical Considerations in the Solicitation and Selection of Chapter 7 Trustees” for the current issue of ABI Committee News.
Mark Desgrosseilliers is an experienced business attorney focusing his practice in the areas of Bankruptcy and Corporate Restructuring. His clients benefit from his wide-ranging industry experience representing public and non-public debtor corporations, debtor-in-possession lenders, secured and unsecured creditors, vendors and asset purchasers in bankruptcy and other corporate restructuring matters. Desgrosseilliers practices in Womble Carlyle’s Wilmington, Del. office.
Matthew Ward represents numerous public and private companies as debtors, bidders, purchasers, secured lenders, and creditors in various Chapter 7 and Chapter 11 bankruptcy cases and adversary proceedings, as well as in out-of-court acquisitions of distressed assets, and change of control transactions. Ward also regularly represents official committees of unsecured creditors in bankruptcy cases. He is a member of the American Bankruptcy Institute and the Delaware Bankruptcy Inns of Court. Ward practices in the firm’s Wilmington office.
This document is intended as an informational reminder and does not constitute legal advice. If you have any questions or would like to discuss a particular situation, please contact Womble Carlyle Sandridge & Rice, LLP. The purpose of this article is to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances.