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. '

14 minute read March 27, 2013 at 01:51 PM
By
Adam Leitman Bailey And Dov Treiman
In the Spotlight: Bankruptcy Stays and Guarantors

In January of this year, New York's intermediate appellate court in Brooklyn decided Empire Erectors and Electrical Company, Inc. v. Unlimited Locations LLC

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