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Post-Bankruptcy, Co. Must Pay $8.8m of Debt

Thomas E. Peisch was quoted in the Boston Business Journal of June 23-29, 2006 in an article entitled “Post-bankruptcy, co. must pay $8.8M of debt.” A recent Bristol Superior Court judge ruled in favor of a trade creditor with pre-petition debt against a company that reorganized with the same ownership team after bankruptcy. Mr. Peisch stated […]

Thomas E. Peisch was quoted in the Boston Business Journal of June 23-29, 2006 in an article entitled “Post-bankruptcy, co. must pay $8.8M of debt.” A recent Bristol Superior Court judge ruled in favor of a trade creditor with pre-petition debt against a company that reorganized with the same ownership team after bankruptcy. Mr. Peisch stated that the case is a major ruling in the successor liability arena and an object lesson for corporate buyout players that scheme to duck trade credit obligations.

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