August 2011
Michael E. Baum and John Stockdale, Jr. obtain entry of Critical Vendor Order in chapter 11 case
After two days of hearings and the submission of testimony from the business's CFO, Michael E. Baum and John Stockdale, Jr. successfully argued for entry of a Critical Vendor Order in a construction contractor's chapter 11 case. This order, which is infrequently granted, allows a chapter 11 debtor to pay certain necessary prepetition claims of creditors during the first 21 days of the case.