O’Melveny Worldwide

The Cramdown Podcast: 24-Hour Chapter 11s: The Ins and Outs

July 8, 2021

In recent years, numerous companies have filed for and emerged from chapter 11 in less than 24 hours, seemingly setting a new record for “shortest ever bankruptcy” each time. Daniel Shamah and Joe Zujkowski discuss what led to this trend, the ideal conditions for a 24-hour chapter 11, and whether the trend will continue in the future.