Posts Tagged ‘Bankruptcy’
Beckhart v. Newrez, LLC Preventive Maintenance Is For Bankruptcy Plans As Well As Cars
Those among us who were watching television in the 1970’s (yes, there was television that long ago, in color even) will remember the commercials for oil filters in which an auto mechanic told car owners that they could pay him now to install a new oil filter or pay him later for major engine repairs.…
Read MoreIs the End Near for Third Party Releases In Chapter 11 Plans?
When the Bankruptcy Reform Act of 1978, the foundation on which the current Bankruptcy Code is constructed, was enacted, bankruptcy cases customarily involved a debtor addressing claims only against it. Consistent with that norm, Bankruptcy Code Section 524 provides that “discharge of a debt of the debtor does not affect the liability of any other…
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