The American Bankruptcy Institute’s Commission to Study the Reform of Chapter 11 has released its long-awaited recommendations for making it less expensive and time consuming for struggling companies to reorganize. The 370-page report, released Dec. 8, includes a number of proposals that could reduce recoveries for banks and other senior lenders, though any changes would have to be enacted by Congress and would probably not be effective for a couple of years.

Here are some important takeaways for secured creditors, including collateralized loan obligations.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.