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Executory contracts behave idiosyncratically in bankruptcy. They may be assets or liabilities, depending on their terms. Understanding their treatment by the bankruptcy code and the courts is key.
The lesson covers the 2014 Uniform Voidable Transactions Act (a slightly amended Uniform Fraudulent Transfers Act) and section 548 of the Bankruptcy Code. Two subsequent lessons cover (a) defenses and (b) the application of fraudulent transfer law to Leveraged Buyouts (LBOs).
The lesson covers the remedies, defenses, and limitations under the 2014 Uniform Voidable Transactions Act (a slightly amended Uniform Fraudulent Transfers Act) and sections 548 and 550 of the Bankruptcy Code. A previous lesson covered the types of fraudulent or voidable transfers generally. A subsequent third lesson covers the application of fraudulent transfer law to Leveraged Buyouts (LBOs).
The is the third lesson on voidable or fraudulent transfers under the 2014 Uniform Voidable Transactions Act (a slightly amended Uniform Fraudulent Transfers Act) and section 548 of the Bankruptcy Code. This lesson deals with applications in leveraged buyouts (LBOs). The previous two lessons covered (I) the types of transactions that are voidable; and (II) remedies and defenses.