Chapter 11 Plan Adequately Reserved Bankruptcy Rights Transferred to a Liquidating Trust

The United States Bankruptcy Court of the Northern District of Texas recently held that a confirmed chapter 11 plan of a liquidated company, R.L. Adkins Corp. (the “Corporation”), was not required to specifically preserve bankruptcy-created rights of the Corporation against its former principal.  See Harvey L. Morton v. Robert Lewis Adkins, Sr. (In re Robert Lewis… Continue reading Chapter 11 Plan Adequately Reserved Bankruptcy Rights Transferred to a Liquidating Trust