Ch. 11 Ruling Sets New Standard For Using Reinstatement

By Debra Dandeneau (August 14, 2023, 4:30 PM EDT) -- Although a debt agreement may be considered a contract under which both parties have ongoing obligations, Section 365(c)(2) of the U.S. Bankruptcy Code expressly prevents a debtor from treating it as an executory contract that a debtor may assume or reject under Section 365....

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