Bankruptcy Mediation – Is it a Trap for the Unwary State Court Practitioner?

James Stang recently penned an article in the Special Vegas Issue of the Consumer Attorneys Association of Los Angeles (CAALA)’s Advocate Magazine. In the article, titled “Bankruptcy Mediation – Is it a Trap for the Unwary State Court Practitioner?: Mediation in Bankruptcy and Non-Bankruptcy Proceedings Are Different Animals,” Jim explains that “Bankruptcy mediation is inherently multi-party, often involving complex issues of asset and claims valuation and confirmation of a reorganization plan.”

Jim continues that bankruptcy mediation includes a wide range of stakeholders and requires judicial supervision, contrary to standard civil litigation, which is why “Courts have embraced mediation as an efficient and critical tool in managing large, contentious bankruptcy cases.”

Jim goes on to dissect the various stakeholders and parties in bankruptcy mediation – including debtors, trustees, secured and unsecured creditors, equity holders, creditors committees, tort claimants, and insurers.

Read the full article in the print edition of Advocate Magazine’s September issue.