Bankrupt charity failed to prove necessity of nondebtor release provision (C.A.4 (Va.)) | Secondary Sources | Westlaw

Bankrupt charity failed to prove necessity of nondebtor release provision (C.A.4 (Va.)) | Secondary Sources | Westlaw

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Bankrupt charity failed to prove necessity of nondebtor release provision (C.A.4 (Va.))

2014 BKRDBRF 5161By Lisa UhlmanWESTLAW Bankruptcy Daily Briefing (Approx. 3 pages)

Bankrupt charity failed to prove necessity of nondebtor release provision (C.A.4 (Va.))

2014 BKRDBRF 5161By Lisa UhlmanWESTLAW Bankruptcy Daily Briefing (Approx. 3 pages)

Bankrupt charity failed to prove necessity of nondebtor release provision (C.A.4 (Va.))

(July 1, 2014) - A bankrupt charity cannot release its officers and directors from liability in its Chapter 11 reorganization plan, a federal appeals court has ruled, saying the debtor failed to sufficiently show a high risk of litigation justified a...
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