Since taking office, President Joseph R. Biden has confirmed his commitment to addressing environmental issues. On April 9, 2021, he proposed allocating $14 billion toward initiatives to fight climate change, including large...more
7/2/2021
/ Automatic Stay ,
Bankruptcy Code ,
CERCLA ,
Chapter 11 ,
Chapter 7 ,
Clean-Up Costs ,
Commercial Bankruptcy ,
Environmental Liability ,
Environmental Violations ,
Potentially Responsible Party (PRP) ,
Successor Liability
Environmental-contamination claims present tricky issues for debtors seeking a fresh start through bankruptcy, as well as for creditors and purchasers of distressed assets. Difficult issues emerge in the context of when...more
9/13/2019
/ Chapter 11 ,
Commercial Bankruptcy ,
Contaminated Properties ,
Creditors ,
Debt Restructuring ,
Debtors ,
Distressed Assets ,
Environmental Claims ,
Environmental Policies ,
Lead ,
Liability ,
Real Estate Transactions
In In re ICL Holding Co.,1 the United States Court of Appeals for the Third Circuit a_rmed the bankruptcy court’s approval under 11 U.S.C.A. § 363(b) of the sale of all of the debtors’ assets to the secured lender group and...more