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Receivership May Not Preclude a Board’s Ability to File Bankruptcy

A receiver who is not ‘disinterested’ can justify putting a company in bankruptcy.

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Opinion Link:

Opinion Link

Judge Name:

Thomas P. Agresti

Case Citation:

Citizens & Northern Bank v. Monroe Heights Development Corp. (In re Monroe Heights Development Corp.), 17-10176 (Bankr. W.D. Pa. Aug. 22, 2017)

Case Name:

In re Monroe Heights Development Corp.

Case Type: