Third Circuit holds structured dismissal deviating from Bankruptcy Code priority scheme may be utilized in appropriate circumstances

On May 21, 2015, the United States Court of Appeals for the Third Circuit answered the long-asked question of whether structured dismissals are permissible under the Bankruptcy Code with a resounding yes.

Filed under:
USA, Insolvency & Restructuring, Litigation, Morris Nichols Arsht & Tunnell LLP, United States bankruptcy court, Third Circuit
Authors:
Derek C. Abbott , Robert J. Dehney , Eric D. Schwartz , Donna L. Culver , Curtis S. Miller , Gregory W. Werkheiser
Location:
USA
Firm:
Morris Nichols Arsht & Tunnell LLP