When a Non-Executory Insurance Policy Is Assumed: A Case Study

In the March 2015 edition of the American Bankruptcy Institute (ABI) Journal, Doug Candeub analyzes a December 2014 Delaware bankruptcy case, emphasizing the importance for creditors to ensure that non-executory insurance policies are not "assumed" by a debtor's estate. Such assumptions can bind debtors to unintended obligations, potentially affecting litigation outcomes for creditors. 

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