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Junior Creditors Beware: Third Circuit Awards Damages For Breach Of Turnover Provision - Insolvency/Bankruptcy - Vimarsana News

Junior Creditors Beware: Third Circuit Awards Damages For Breach Of Turnover Provision - Insolvency/Bankruptcy

On April 13, 2022, the Court of Appeals for the Third Circuit ruled in CoFund II LLC v. Hitachi Capital America Corp. that a junior creditor breached a turnover provision in an...

Source: mondaq.com
Third Circuit Turnover Provision Ruling A Reminder For Creditors - Vimarsana News

Third Circuit Turnover Provision Ruling A Reminder For Creditors

The Court of Appeals for the Third Circuit ruled in CoFund II LLC v. Hitachi Capital America Corp. that junior creditor breached intercreditor agreement turnover provision when applying senior creditor collateral to satisfy their claims before senior creditor claims paid.

Junior Creditors Beware: Third Circuit Awards Damages for Breach of Turnover Provision | Cadwalader, Wickersham & Taft LLP - Vimarsana News

Junior Creditors Beware: Third Circuit Awards Damages for Breach of Turnover Provision | Cadwalader, Wickersham & Taft LLP

On April 13, 2022, the Court of Appeals for the Third Circuit ruled in CoFund II LLC v. Hitachi Capital America Corp. that a junior creditor breached a turnover provision in an...