McKinsey’s new bankruptcy protocol gives bankruptcy advisers more flexibility in deciding which connections to disclose
Restructuring advisers should be able to limit how much they reveal about potential conflicts of interest in large bankruptcy cases, a role typically left to federal judges, according to a new protocol on bankruptcy practices drafted by consulting firm McKinsey & Co.
The 24-page document, filed with the U.S. Bankruptcy Court in Houston in response to criticism from federal monitors, outlines new bankruptcy disclosure practices recommended by the consulting firm, whose Recovery & Transformation Services unit advises...
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