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Some academics, and a lot more bankruptcy lawyers, consider Chapter eleven is usually handy to manage a wide array of mass tort litigation, at the very least in a few cases.
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But there's A much bigger issue at stake, as well: Why is a business without having lenders turning to the federal bankruptcy system in response to accusations of hurt and misconduct?
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The usage of Chapter eleven to permanently cap legal responsibility for a range of doubtless liable parties attracted the attention of the Catholic Church. Considering that the 2000s, 35 dioceses have filed for Chapter eleven in response to allegations of child other sex abuse and coverups.
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