2nd Circuit Cases Highlight Ongoing Debate Over Nonconsensual Third-Party Releases
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2nd Circuit Cases Highlight Ongoing Debate Over Nonconsensual Third-Party Releases
By Mark S. Indelicato, Partner & Alison Ladd, Associate, Hahn & Hessen LLP
Chapter 11 offers debtors and debtors in possession numerous protections and benefits, including, perhaps most significantly, the concept of a “fresh start” for individuals and entities that submit to the process. Pursuant to Section 1141(d)(1) of the U.S. Bankruptcy Code, when a Chapter 11 plan...
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Alison Ladd is an associate with Hahn & Hessen LLP. Her practice focuses primarily on creditors’ committees, liquidating trustees, and secured and unsecured creditors in complex corporate reorganizations, restructurings, and liquidations. Ladd has extensive experience representing clients in a number of different industries, including retail, manufacturing, wholesale/distribution, and specialty chemicals. Her creditors’ committee representations include Gymboree, Hancock Fabrics Inc., Furniture Brands International Inc., Syms Corporation and Filene’s Basement, 4Kids Entertainment Inc., and Crabtree & Evelyn Ltd.
Mark S. Indelicato is managing partner of Hahn & Hessen LLP. He specializes in the practice of bankruptcy and creditors' rights. He has been counsel to official unsecured creditors' committees in cases that include Lucky’s Market, Gymboree, Furniture Brands International Inc. and some of the largest subprime mortgage lender bankruptcies filed, including New Century TRS Holdings Inc. Indelicato is past TMA Global chair and president, past president of TMA New York, and recipient of both TMA’s Individual Contribution Award and Chair’s Award.
