Del. Chancery Cracks Down On Non-Bankruptcy Bankruptcies

By Leslie A. Pappas (May 19, 2022, 8:17 PM EDT) -- A vice chancellor's swift denial of an unusual request that a company winding down in a state liquidation get a stay of litigation comparable to that in the federal Bankruptcy Code is a signal to companies seeking bankruptcy alternatives in Delaware that Chancery Court may have had enough....

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