Third Circuit Holds That Purchaser of Claim Is Subject to § 502(d) of the Bankruptcy Code [American Bankruptcy Institute Unsecured Trade Creditors Committee Newsletter]

Simon Fraser, a member of Cozen O'Connor's Business Law Department, discusses the decision in In re KB Toys Inc., in which the Third Circuit Court of Appeals held that a claim subject to disallowance under § 502(d) of the Bankruptcy Code in the hands of the original holder is also subject to disallowance in the hands of a purchaser.

To read the article, click here.

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Simon E. Fraser


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