David Fournier
Partner
Among the most valuable restructuring tools available to a chapter 11 debtor is the ability to assume or reject executory contracts pursuant to Section 365 of the Bankruptcy Code. No provision of the Bankruptcy Code requires that a chapter 11 debtor assume or reject an executory contract.
Accordingly, many courts have recognized a “no action” alternative – allowing an executory contract to “ride through” bankruptcy. In this podcast, David Fournier, a partner in Pepper’s Corporate Restructuring and Bankruptcy Practice Group, discusses how a contract can “ride through” bankruptcy and the risks associated with the process.
If you are interested in the latest in the world of bankruptcy, email podcasts@pepperlaw.com and subscribe to Pepper Hamilton’s Bankruptcy Update.
(Running Time: 10:00)
MP3 File
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83456298769e20105358d5a44970c
Listed below are links to weblogs that reference ‘Unassumable’ Executory Contracts :
(audio files only)
(audio + text)
