Can a debtor reinstate a defaulted loan under a Chapter 11 plan without paying default rate interest? This question was analyzed thoroughly in a recent Southern District of New York Bankruptcy Court decision by Judge Philip Bentley.

Liquidators have more certainty about their ability to disclaim the environmental liabilities and responsibilities of a company in liquidation.

The liquidators were not bound to cause Linc to comply with the EPO from the date of the disclaimer.