Bankruptcy Loses Arguments for Special Relief Under Prepetition Agreements for Environmental LiabilityOn February 5, 2013 by Schnader
In Route 21 Associates of Belleville v. MHC, Inc., the U.S. District Court for the Southern District of New York addressed the recurring conflict between the goals of bankruptcy law, which seeks to give debtors a fresh start, and the goals of federal and state environmental cleanup laws, which seek to ensure remediation of contaminated properties. This Alert discusses the recent decision.
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This Alert was republished by Synergy Environmental Inc. in the February 2013 edition of their newsletter.