November 02, 2022 | New York Law Journal
SDNY Clarifies Availability of Administrative Priority for Postpetition Contract BreachesThe District Court's holding reverses some of the potentially harmful consequences of the lower court's decision—which, if affirmed, would have undermined the Bankruptcy Code's statutory protections intended to encourage parties to transact with debtors in bankruptcy.
By John J. Rapisardi and Matthew Kremer
10 minute read