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Bankruptcy Court Holds that Postpetition Loan Participation Is Not a Form of Cover under the Uniform Commercial Code |
June 5, 2008
Previously published on May 14, 2008
Customers dealing with troubled automotive suppliers often decide to resource production to other suppliers rather than facilitate a true restructuring of the troubled supplier's business. Such resourcing, however, generally cannot be done overnight.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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