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Deepening Insolvency Lender's Victory over Trustee May Have Far-Reaching Implications

The decision by Chief Judge Stuart M. Bernstein of the United States Bankruptcy Court for the Southern District of New York in <i>In re Global Service Group LLC</i>, 316 B.R. 451 (Bankr. S.D.N.Y. 2004), provides a sense of relief not only for lenders, but also for various other participants in the bankruptcy arena who may face claims based on "deepening insolvency." This case is especially significant because it helps define the conduct that may subject a party to liability under an amorphous concept that is still evolving.

23 minute read January 25, 2005 at 01:29 PM
By
Paul Rubin
Deepening Insolvency Lender's Victory over Trustee May Have Far-Reaching Implications

The decision by Chief Judge Stuart M. Bernstein of the United States Bankruptcy Court for the Southern District of New York in In re Global Service Group LLC, 316 B.R. 451 (Bankr.

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