Wrestling With the Meaning of 'Ordinary' Under the Bankruptcy Code

The Bankruptcy Code protects regular, ordinary commercial transactions between distressed companies and vendors willing to continue the relationship. But what is ordinary?

9 minute read April 01, 2022 at 12:05 AM

Andrew C. Kassner and Joseph N. Argentina Jr.

Wrestling With the Meaning of 'Ordinary' Under the Bankruptcy Code

It is impossible to predict whether supply chain disruptions caused by the COVID pandemic, increased interest rates, market volatility, changes in workforce trends, inflationary pressures, and geopolitical upheaval will lead to a recession and wave of bankruptcies.

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