The Packaging Systems decision is an important lesson for post-petition lenders. First, the decision highlights the risks inherent in obtaining a Section 364(c)(1) super-priority claim given the ever-present risk that the case is later converted to a Chapter 7.
From Government in America: Until the 1970s, committee chairs were always selected through the seniority system; under this system, the member of the majority party with the longest tenure on the committee would automatically be selected.
Other responsibilities of a committee chair typically include: 1  Calling the committee together to perform its duties. 2  Presiding and maintaining order over meetings. 3  Deciding all questions of order subject to appeal. 4  Supervising and directing the staff of the committee. 5  Preparing, or supervising the preparation of, reports of the committee for 6  ... Ta