Bankruptcy Court Authorizes Rejection of Employment Separation Agreements

The Bankruptcy Code can be an effective tool for reducing liabilities and enhancing asset value for the benefit of creditors. One of the more important…

7 minute read February 01, 2018 at 12:02 AM
By
Francis J. Lawall and Michael J. Custer
Bankruptcy Court Authorizes Rejection of Employment Separation Agreements

The Bankruptcy Code can be an effective tool for reducing liabilities and enhancing asset value for the benefit of creditors. One of the more important tools is the right not only to assume favorable contracts pursuant to Section 365, but also to reject those that are not.

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