The general rule is that when a corporation or other business entity buys the assets of another entity, it does not assume the liabilities of the seller. But in New Nello Operating Co., LLC v. CompressAir, 19A-CC-603 (Ind. Ct. App. March
Herrick, Feinstein LLP
Herrick, Feinstein LLP is a law firm that publishes detailed legal analyses and updates primarily focused on bankruptcy and restructuring matters. Their content often covers court decisions, bankruptcy filings, creditor and debtor rights, and procedural developments in insolvency cases. The firm provides insights into complex legal issues such as make-whole payments in bankruptcy, mass tort litigation strategies, and asset sale procedures under bankruptcy law. Herrick's publications serve legal professionals and stakeholders interested in commercial bankruptcy, creditor-debtor relations, and corporate restructuring processes.
Latest from Herrick, Feinstein LLP - Page 6
The Importance of Clear Tax Allocation Agreements
In Rodriguez v. Federal Deposit Insurance Corp., the United States Supreme Court ruled on February 25, 2020, that a $4.1 million tax refund belonged to the bankruptcy estate of a failed Colorado bank’s parent company, United Western Bancorp, Inc. (“UWBI”), rather than…