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David Dean was quoted in an article titled, "Cost savings spark spread of structured bankruptcy dismissals"

September 9, 2015As Published in: The DealAttorney: G. David Dean
"An uptick in bankruptcy sales and a recent U.S. Circuit Court decision may signal an increased use of structured dismissals in Chapter 11 cases, industry experts say."
 
"David Dean, a member of Cole Schotz PC's bankruptcy and corporate restructuring and litigation departments, said that structured dismissals have been going on for some time, having become a "new phenomenon" between 2008 and 2010. He said they are used after a bankruptcy sale has left the debtor administratively insolvent and bereft of sufficient assets to fund a Chapter 11 plan of liquidation. A structured dismissal can also be used when a case is on the brink of administrative insolvency and is going through a plan process that itself could result in administrative insolvency or a very small or no distribution to unsecured creditors."
 

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