Posted: May 28, 2015 by D. Alexander Barnes
Tags: Creditors' Rights, Bankruptcy and Financial Reorganization
The Third Circuit Court of Appeals recently affirmed the decisions of the District and Bankruptcy Court denying, for reasons of inadequate disclosure, the approval of a third-party release provision in the Chapter 11 plan of In re Lower Bucks Hospital, et al., Case No. 10-10239(ELF)(“Lower Bucks”). The offending release purporte...