- 11 U.S.C.
In re Smurfit-Stone Container Corp.
Jan
10
2011
Ruling
Indenture's "no recourse" provision barred claim of insolvency trustee of debtor's Canadian subsidiary.
Procedural posture
Debtors, a corporation and affiliated businesses, filed petitions under chapter 11 of the U.S. Bankruptcy Code, and the court ordered joint administration of the debtors' bankruptcy estates. The trustee of a Canadian company that declared bankruptcy filed a claim against the debtors' bankruptcy estates, and the debtors filed an objection to the trustee's claim pursuant to 11 U.S.C.S. § 502.
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Court
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