Delaware’s not so safe harbors: Third Circuit Bankruptcy Court declines to rule that a payment on a letter of credit is an avoidance-proof “settlement payment”

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Location
USA
Authors
Mark C. Ellenberg
Peter M. Friedman
Michele C. Maman
Casey Servais
Firm
Cadwalader Wickersham & Taft LLP
Tags
USA
Delaware
Banking
Insolvency & Restructuring
Litigation
Cadwalader Wickersham & Taft LLP
Bond (finance)
Letter of credit
Debtor
Credit rating
Citibank
United States bankruptcy court
Third Circuit