Connecticut Supreme Court Defines Bankruptcy Effect on Contracts - L...

Connecticut Supreme Court Defines Bankruptcy Effect on Contracts
Lexology
Although contracts are ordinarily rejected in a Chapter 7 bankruptcy case if they are not “expressly assumed or rejected” within 60 days, “that default rule does not apply to Chapter 11 [cases].” Id. at *14. A Chapter 11 trustee or debtor-in-possession ...