Cos. Can Sell Future Asbestos Liabilities To Avoid Bankruptcy

By Milan Ceppi and Charles Oswald (August 10, 2020, 5:30 PM EDT) -- In today's world, filing for Chapter 11 bankruptcy protection under Section 524(g) of the Bankruptcy Code has become common for asbestos claims defendants. Over 100 companies have filed for bankruptcy protection due, in part, to asbestos personal injury claims, and over 39 companies have filed since 2010....

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