Bankruptcy Code section 365 primarily concerns whether a debtor-in-possession or trustee may assume or reject executory contracts and unexpired leases (collectively, the “Contracts”) for the benefit of the estate, but the section often places the counterparties to those Contracts in the precarious position of being required to perform while running the risk that a debtor or trustee might not do so.
Non-Debtor Contract Counterparties in Bankruptcy
What happens when a counterparty seeks protection from the risks in continued performance under a contract with a debtor in bankruptcy.
By
Adam L. Rosen And Christopher J. RubinoThis premium content is locked for The Bankruptcy Strategist subscribers only
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