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Expert Analysis

How Debtors Can Hold All The Cards In A Union Gamble

Law360, New York (November 4, 2014, 11:08 AM EST) -- When evaluating a debtor's bankruptcy or restructuring options, determining how to increase or preserve the debtor's liquidity is crucial to the analysis. Well-advised debtors with significant labor liabilities will need to explore whether attaining cost savings through rejection of their collective bargaining agreements (CBAs) is a viable alternative. When dealing with the issue of CBA rejection pursuant to Section 1113 of the Bankruptcy Code, the bankruptcy court decision in In re Trump Entertainment Resorts Inc. is a helpful resource....

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