Law360, New York (September 3, 2015, 11:59 AM EDT) -- Some bankruptcy cases can have long tails with issues developing years after the entities confirm their Chapter 11 plans. That seems to be particularly true when cases deal with mass torts. As the recent case of Piper Aircraft Corp. demonstrates, an issue can arise in a Chapter 11 case more than 20 years after the debtor's plan was confirmed. In Piper's case, the U.S. Bankruptcy Court for the Southern District of Florida was required to decide whether claims filed by victims of two plane crashes were the types of claims that were channeled to the trust established under Piper's Chapter 11 plan or whether they were independent claims that could be asserted against the purchaser of Piper Aircraft's assets....
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