The Bankruptcy Code provides that a debtor may voluntarily convert its case from Chapter 11 to Chapter 7 unless a Chapter 11 trustee has been appointed, the case was commenced involuntarily, or the case had previously been converted to Chapter 11.

This article will discuss the key issues of converting from Chapter 11 to Chapter 7, and how stakeholders may be affected. To access this article and read other insights from our Creditor’s Rights Toolkit, please click here.