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The Interplay of Bankruptcy, Copyrights and Security Interests in Film Properties

The U.S. Bankruptcy Code is written so perversely in favor of a bankrupt party that a bankruptcy can upset all reasonable expectations of anyone doing business with that party. In the film industry, rights can be lost, payment obligations cancelled and other contractual obligations left in limbo for years.

27 minute read October 02, 2015 at 12:00 AM
By
Schuyler M. Moore
The Interplay of Bankruptcy, Copyrights and Security Interests in Film Properties

The U.S. Bankruptcy Code is written so perversely in favor of a bankrupt party that a bankruptcy can upset all reasonable expectations of anyone doing business with that party. In the film industry, rights can be lost, payment obligations cancelled and other contractual obligations left in limbo for years.

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