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Florida Banking Law Blog Legal developments impacting banking, finance and loan enforcement in Florida

Tag Archives: third party liability

The Extraordinary Remedy of Discharging Third Party Liability in Bankruptcy Proceedings

Posted in Bankruptcy, Commercial Lending

Recently the Fifth Circuit handed down a thorough opinion regarding Chapter 15 cross-border insolvency and its effects on domestic and foreign creditors. Beyond the Chapter 15 context, however, the court of appeals in In re Vitro S.A.B. de CV was faced with whether or not a bankruptcy court could allow the non-consensual discharge of a… Continue Reading