The Importance of Serving as a Member of an Official Committee of Unsecured Creditors in Chapter 11 Cases

This article, published by the International Bar Association, encourages creditors to serve as members on creditors’ committees in chapter 11 proceedings. The potential advantages significantly outweigh any perceived drawbacks, particularly when viewed through a practical lens. Drawing upon relevant statutes and case law, this analysis provides insolvency lawyers with key arguments to present to clients contemplating joining the committee in a chapter 11 case.