Title

Treasury's Proposed Resolution Authority for Systemically Significant Financial Companies
Client Memorandum

Created date

3/30/2009

The reorganization or liquidation of most types of companies is governed in the United States by a single federal law—the US Bankruptcy Code (the “Bankruptcy Code”). As a result, no matter the complexity, the type of company or the industry, the same well-defined set of avoidance powers, priorities and distribution schemes apply.