News Article
Frank Monaco Discusses Unsecured Creditors & Chapter 11 with Wall Street Journal
March 31, 2010
The Wall Street Journal quoted Womble Carlyle attorney Frank Monaco in an article on unsecured creditors in Chapter 11 bankruptcy proceedings. The article, “Creditors Scramble for Recoveries in Underwater Chapter 11s,” ran in the March 29th edition.
“The nature of the Chapter 11 process has changed,” Frank told the newspaper. “Secured lenders are underwater and, on paper, there is nothing left for unsecured creditors.”
About Frank Monaco
A certified business bankruptcy attorney with more than 25 years of experience, Monaco’s practice consists largely of representing debtors, creditor committees, individual creditors and other interest holders. His bankruptcy experience covers all matters of litigation and transactions, including involuntary petitions, avoidance actions, relief from stay proceedings, trustee motions, sale and purchase of assets, executory contracts and lease issues, post-petition financing, disclosure statements, plan confirmations and representing liquidating trustees and plan administrators in the wind-down of estates.
A certified business bankruptcy attorney with more than 25 years of experience, Monaco’s practice consists largely of representing debtors, creditor committees, individual creditors and other interest holders. His bankruptcy experience covers all matters of litigation and transactions, including involuntary petitions, avoidance actions, relief from stay proceedings, trustee motions, sale and purchase of assets, executory contracts and lease issues, post-petition financing, disclosure statements, plan confirmations and representing liquidating trustees and plan administrators in the wind-down of estates.
Monaco is a Board of Directors member of the American Bankruptcy Institute. He practices in Womble Carlyle’s Wilmington, Del., office.
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