Massachusetts Bankruptcy Court Sends a Reminder On Avoiding the Substantive Consolidation Trap

By | Distressing Matters | February 13, 2017
There are numerous reasons why a company might use more than one entity for its operations or organization: to silo liabilities, for tax advantages, to accommodate a lender, or for general organizational purposes. Simply forming a separate entity, however, is not enough. Corporate formalities must be followed or a court could effectively collapse the separate entities into one. View Full Post
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