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Pension Plan Termination Premiums in Bankruptcy

In a case of timely significance, the Second Circuit Court of Appeals has recently ruled that pension plan termination premiums are not "claims" subject to being discharged under a Chapter 11 plan, but rather, must be paid in full upon emergence from bankruptcy.

6 minute read July 28, 2009 at 09:19 AM
By
Adam H. Friedman And Michelle K. Marck
Pension Plan Termination Premiums in Bankruptcy

In a case of timely significance, the Second Circuit Court of Appeals has recently ruled that pension plan termination premiums are not “claims” subject to being discharged under a Chapter 11 plan, but rather, must be paid in full upon emergence from bankruptcy.

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