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Connecticut Supreme Court Defines Bankruptcy Effect on Contracts

Bankruptcy “does not constitute a per se breach of contract and does not excuse performance by the other party in the absence of some further indication that the [debtor] either cannot, or does not, intend to perform,” held the Supreme Court of Connecticut in a lengthy opinion on Nov. 21, 2017. This article presents an analysis of the ruling.

13 minute read January 01, 2018 at 12:03 AM
By
Michael L. Cook
Connecticut Supreme Court Defines Bankruptcy Effect on Contracts

Bankruptcy “does not constitute a per se breach of contract and does not excuse performance by the other party in the absence of some further indication that the [debtor] either cannot, or does not, intend to perform,” held the Supreme Court of Connecticut in a lengthy opinion on Nov. 21, 2017.

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