Chapter 11 - De-Mystifying the Process
January 10, 2012
The recent bankruptcy filings by Marco Polo Seatrade, B.V., Omega Navigation Enterprises, Inc., General Maritime Corp. and Trailer Bridge Inc. have the maritime industry buzzing about Chapter 11 of the United States Bankruptcy Code. In his article, Chapter 11 - De-mystifying the Process appearing in the January 2012 issue of Marine Money, Otterbourg firm member, Steve Soll, spells out how Chapter 11 works when a maritime business is involved.