He has extensive experience in representing secured and unsecured creditors, debtors and
debtors-in-possession and chapter 7 and 11 trustees in complex bankruptcy cases.
Debtors-in-possession sometimes think they control their destiny and that creditors will accede to their every demand or whim.
The company and its domestic and Canadian affiliates continue to operate their businesses as Chapter 11
debtors-in-possession.
These decisions should force many or most bankruptcy courts to enforce the two-year rule against
debtors-in-possession.
The companies are operating as
debtors-in-possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code, and the directors and officers of each of the companies are expected to continue to oversee the operations of their respective company, subject to supervision and orders of the Bankruptcy Court for matters outside the ordinary course of business.
Tropical Sportswear and its domestic subsidiaries, since December 2004, have been operating as
debtors-in-possession under chapter 11 of the U.
