Debtors’ Sale of Assets: Stripping Sureties of their Subrogation Rights
ABI
FEBRUARY 25, 2025
In re Fieldwood Energy LLC ), the United States Court of Appeals for the Fifth Circuit held that the district court did not err in finding that the challenged bankruptcy courts confirmation order stripping some companies (collectively, the Sureties) of their subrogation rights were integral to the sale of the Debtors assetsand therefore moot. [2]
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