Bankruptcy Court Declines to Rule on Mutuality in Multi-Party Setoffs
Dow Jones–DBR Small Cap
May 6, 2009
The article examined the United States Bankruptcy Court for the District of Delaware's decision in the SemCrude, L.P., et al. bankruptcy cases. It discussed safe-harbor provisions and the decision's impact on multi-party setoff under § 553 of the Bankruptcy Code.