POWER OF PODCASTS

Insight Center: Podcasts

'Unassumable' Executory Contracts

Speaker: David M. Fournier

2/01/2012

Podcast Category: Bankruptcy

Among the most valuable restructuring tools available to a chapter 11 debtor is the ability to assume or reject executory contracts pursuant to Section 365 of the Bankruptcy Code. No provision of the Bankruptcy Code requires that a chapter 11 debtor assume or reject an executory contract.

Accordingly, many courts have recognized a “no action” alternative – allowing an executory contract to “ride through” bankruptcy.

In this podcast, David Fournier, a partner in Pepper’s Corporate Restructuring and Bankruptcy Practice Group, discusses how a contract can “ride through” bankruptcy and the risks associated with the process.

MP3 File