Esoteric and arcane, the financial contract provisions of the new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 — those dealing with repurchase agreements, securities contracts, swap agreements, forward and commodity contracts — have been given short shrift by a mainstream media focused on the more “newsworthy” consumer provisions of that legislation.
Financial Contract Amendments to Bankruptcy Code
Esoteric and arcane, the financial contract provisions of the new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 -- those dealing with repurchase agreements, securities contracts, swap agreements, forward and commodity contracts -- have been given short shrift by a mainstream media focused on the more "newsworthy" consumer provisions of that legislation. However, to bankruptcy practitioners focusing on larger commercial cases or involved in the capital markets, these amendments are important and deserve a close look.
By
Jeffrey L. SchwartzThis premium content is locked for The Bankruptcy Strategist subscribers only
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