Home>DOL Proposes Streamlining Bankrupt Companies’ Plan Distributions
DOL Proposes Streamlining Bankrupt Companies’ Plan Distributions
Advisor One
Tue, 11 Dec 2012
EBSA issued a proposed rule and a related class exemption designed to make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies’ retirement plans.
A shorter, more orderly bankruptcy process is good news for distressed debt investors, but it does shift the game a little bit, says Third Avenue's Jeff Gary.