NEW YORK, NY, October 10 / MARKET WIRE/ -- Lawrence Gottlieb, Chair of Cooley Godward Kronish LLP's Bankruptcy & Restructuring Group, appeared recently before the U.S. House Judiciary Subcommittee on Commercial and Administrative Law to inform key members of Congress about the impact of 2005 bankruptcy code changes on retailers filing for Chapter 11 bankruptcy. With the recent changes among investment banks and the banking industry, Gottlieb was asked to speak about trends in retail restructuring in a committee hearing about whether Chapter 11 bankruptcies are working. "The systemic decline of Chapter 11 reorganization has also invaded the retail sector, where 'hard assets' are no less prevalent today than they were in the 1990s, a time when many distressed retailers used the significant powers and protections of the Chapter...
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