Treatment of Letters of Credit in Bankruptcy | Practical Law

Treatment of Letters of Credit in Bankruptcy | Practical Law

A Practice Note discussing the treatment of letters of credit in bankruptcy from the perspectives of the debtor as the letter of credit applicant, the letter of credit beneficiary, and the letter of credit issuer. This Note also discusses the status of letters of credit as property of the estate, how they are treated for purposes of the automatic stay, and how courts analyze them under preference law.

Treatment of Letters of Credit in Bankruptcy

Practical Law Practice Note w-001-5100 (Approx. 17 pages)

Treatment of Letters of Credit in Bankruptcy

by Practical Law Bankruptcy & Restructuring
Maintained • USA (National/Federal)
A Practice Note discussing the treatment of letters of credit in bankruptcy from the perspectives of the debtor as the letter of credit applicant, the letter of credit beneficiary, and the letter of credit issuer. This Note also discusses the status of letters of credit as property of the estate, how they are treated for purposes of the automatic stay, and how courts analyze them under preference law.