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Mission Impossible? Addressing WARN Act Liability in Liquidating Mid-Market Cases

this issue of WARN Act liability giving rise to significant administrative or priority claim risk is unique to bankruptcy.However, assuming that, for other reasons, a bankruptcy case is the best path for your client, what can you do to mitigate the risk?

10 minute read January 01, 2017 at 06:04 AM
By
Mark S. Melickian
Mission Impossible? Addressing WARN Act Liability in Liquidating Mid-Market Cases

You have been approached on short notice by a panicked company, PoorCo. The company's lender is owed $3 million and has cut off its line, leaving it with a few days of cash.

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