Two 3rd Circuit Courts Weigh In on Third-Party Releases
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Two 3rd Circuit Courts Weigh In on Third-Party Releases
By Stephen B. Ravin and Sharon L. Levine, Partners & Dipesh Patel, Associate, Saul Ewing LLP
In most Chapter 11 cases, the debtor’s ultimate goal is to propose and confirm a Chapter 11 plan. While this is easier said than done, many Chapter 11 plans are typically the product of protracted negotiations among the debtor, its lender(s), trade creditors, and other interested parties. The...
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Dipesh Patel is an associate with Saul Ewing LLP in Newark, New Jersey. He concentrates his practice in commercial bankruptcy and corporate reorganization and has represented numerous constituencies, both in and out of bankruptcy, including debtors, creditors, purchasers, and liquidating trustees, and court-appointed receivers and assignees in state court insolvency proceedings. Patel also has experience in bankruptcy litigation. He has been named one of the Rising Stars in Bankruptcy Law by Super Lawyers magazine.
Stephen Ravin is a partner with Saul Ewing LLP in Newark, New Jersey. He is an insolvency and bankruptcy attorney with more than 30 years of experience in the field. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers. Ravin has handled a range of insolvency issues, from single debt resolution to large-scale restructurings and liquidation proceedings in Chapter 11 and Chapter 7.
Sharon Levine is a partner with Saul Ewing LLP in Newark, New Jersey. She represents purchasers, debtors, creditors, unions, municipal employee pension plans, boards of directors, and special committees in cases such as Detroit, Alpha Natural Resources, CHC Helicopter, and Phoenix Brands. Levine is a Litigation Counsel of America Fellow, and has been named one of America’s Leading Lawyers in Bankruptcy by Chambers USA and Best Lawyers in America for Bankruptcy and Creditor-Debtor Rights/Insolvency and Reorganization.
