Page 22 - A Practical Guide to Chapter11 Bankruptcy Publication Notice
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chapter 4:




               conclusion





                                                                                                                                                   Final thoughts


                                                                                                                                                   There is a full spectrum of what may be necessary to
                                                                                                                                                   provide notice in a bankruptcy case. Traditional notice
                                                                                                                                                   with direct mail to known creditors and simple publication

                                                                                                                                                   notice to unknown creditors is still the go-to method in
                                                                                                                                                   most cases. However, as the recent New Century case
                                                                                                                                                   revealed, courts may be quick to scrutinize notice to

                                                                                                                                                   unknown creditors. For debtors who have to address
                                                                                                                                                   significant pending litigation during reorganization, such
                                                                                                                                                   as class action or asbestos litigation, the approach to
                                                                                                                                                   providing notice is much more involved and complex. The
                                                                                                                                                   cost, time involved and the level of expertise necessary

                                                                                                                                                   are all important considerations when resolving complex
                                                                                                                                                   litigation. Enlisting a qualified legal notice expert to design
                                                                                                                                                   and implement the right notice program to reach the

                                                                                                                                                   target audience and ensure due process and the federal
                                                                                                                                                   rules are satisfied may be required. Otherwise, it will be
                                                                                                                                                   left on the shoulders of the debtor or counsel to defend a
                                                                                                                                                   given notice program if challenged.





























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