Effects of bankruptcy on environmental liabilities

Journal Article · Fri Dec 31 04:00:00 EST 1993 · Tort and Insurance Law Journal

OSTI ID:468721

Allison, J R; Rizzardi, J A ^[1]

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1. Betts, Patterson & Mines, Seattle, WA (United States)

A party confronted with environmental liabilities, may seek the protection of the bankruptcy laws. A bankruptcy proceeding will have procedural as well as substantive effects on the resolution of environmental liability claims. Ultimately, however, the bankruptcy laws will provide limited protection against the full range of potential environmental liabilities. This article addresses, from the perspective of the environmental practitioner, four principal issues that arise in a bankruptcy case: proceedings affected by the automatic stay; the ability to abandon contaminated property; the priority of response costs; and environmental claims that are dischargeable in bankruptcy. 63 refs.

• OSTI ID: 468721
• Journal Information: Tort and Insurance Law Journal, Journal Name: Tort and Insurance Law Journal Journal Issue: 3 Vol. 28; ISSN TILJED; ISSN 0885-856X
• Country of Publication: United States
• Language: English

Related Subjects

99 GENERAL AND MISCELLANEOUS
CIVIL LIABILITY
COST
ENVIRONMENTAL POLICY
LAWSUITS
LEGAL ASPECTS