Douglas R. Gooding, John F. Ventola and Mark A. DeFeo on Environmental Obligations in Bankruptcy
| November 22, 2010
| Douglas R. Gooding, John A. Ventola, Mark A. Defeo
Doug Gooding, John Ventola and Mark DeFeo co-wrote "Environmental Claims Get Harder to Discharge" in Bankruptcy Law360, in which they discuss the implications of a recent decision that heightens the probability that a bankruptcy will not discharge borrowers from their environmental obligations. They explain that, as a result of this decision, businesses considering bankruptcy will need to take a closer look at environmental liabilities in the prebankruptcy planning stage and that lenders evaluating credit risk should consider the impact of ongoing environmental obligations on potential or current borrowers.