Christopher Combest quoted in article "When Vendors Panic, Bankruptcy Proceedings Get More Complicated"
Below is an excerpt:
Alpha highlighted that what it was asking of the court was “noncontroversial and entirely consistent with the applicable provisions of the Bankruptcy Code.”
The court agreed.
“Bankruptcy courts as a rule are inclined to favor a debtor and give it every chance to reorganize at the beginning of the case,” said Christopher Combest, partner at the Chicago office of Quarles & Brady LLP who works at the firm’s commercial bankruptcy, restructuring and creditors’ rights group.