In January of this year, New York's intermediate appellate court in Brooklyn decidedEmpire Erectors and Electrical Company, Inc. v. Unlimited Locations LLC, 8920, 310289/10, App.Div., 1st Dept., Jan.
In the Spotlight: Bankruptcy Stays and Guarantors
New York's intermediate appellate court in Brooklyn decided a case bringing to New York law the principle that unless guarantors file for their own independent bankruptcy protection, the protections that bankruptcy brings to a primary debtor do not automatically protect the guarantors. '
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