A 5th Circ. Lesson On Preserving Indemnification Rights

By Dania Slim and Alana Lyman (March 29, 2024, 5:18 PM EDT) -- While Chapter 11 is commonly associated with reorganization, not all debtors emerge from Chapter 11 intact. Sometimes, a liquidation trust is formed to pool and liquidate the debtor's assets, resolve and prosecute claims and causes of action, and distribute proceeds to trust beneficiaries....

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