Sherry J Millman

March 09, 2023 | New York Law Journal

While the decision provides some guidance as to how the prepetition termination or expiration of a purchase option may fare in bankruptcy, the holding is narrow, and leaves open the question of whether the court's reasoning can be applied in other circumstances to shield prepetition transactions from avoidance claims.

By Sherry J. Millman and Harold A. Olsen

6 minute read