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Bankruptcy Claims Traders Alert

The Seventh Circuit recently affirmed a ruling that the purchaser of a claim based upon an executory contract that was ultimately rejected by a Chapter 11 DIP is not entitled to cure amounts as part of its allowed claim.

29 minute read September 28, 2011 at 03:24 PM
By
Scott J. Friedman and Mark G. Douglas
Bankruptcy Claims Traders Alert

Over the past five years, courts have issued rulings of potential concern to buyers of distressed debt.

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