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COVID-19 Debt and Bankruptcy Infrastructure
The Yale Law Journal  (IF5.32),  Pub Date : 2021-11-10, DOI:
Robert K. Rasmussen

The COVID induced debt spike on corporate balance sheets portends a wave of future bankruptcy cases. Congress should act now to build up a bankruptcy infrastructure by requiring that every circuit create a “business bankruptcy panel” designed to administer the Chapter 11 filing of large companies. Recent Delaware caselaw would likely enforce a corporation’s precommitment to file in one of these venues.