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Recent SDNY Decision Adds to the Fray: When Do Courts Approve Non-Consensual Releases?

By Jill B. Bienstock on June 3, 2019
Posted in Bankruptcy

A “third-party release” in bankruptcy refers to a release that is given to a non-debtor party by other non-debtors – like creditors.  Third-party release issues typically arise in the context of chapter 11 plan negotiations (which is essentially a contract between a debtor and its creditor constituents setting out the treatment of a…

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