3rd Circ. Ruling Rejecting Ch. 11 Setoff May Provide Alternative

By Sean O’Neal, Lisa Schweitzer and Brandon Hammer (March 29, 2021, 12:16 PM EDT) -- On March 19, a panel of the U.S. Court of Appeals for the Third Circuit held that Section 553 of the U.S. Bankruptcy Code requires strict bilateral mutuality....

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