In Rejecting J&J Bankruptcy Petition, Court Reminds that Financial Distress is a Prerequisite to Bankruptcy
MGKF Law
FEBRUARY 15, 2023
22-2003 (Jan. Court of Appeals for the Third Circuit had occasion to consider whether an entity that was created solely to house liabilities and file for bankruptcy could, in fact, file for bankruptcy where another entity was contractually obligated to pay those liabilities. In In re LTL Management, LLC , No. 30, 2023), the U.S.
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