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.
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.
By
Adam H. Friedman And Michelle K. MarckThis premium content is locked for The Bankruptcy Strategist subscribers only
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