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Home / Opinion / 08-4118 & 08-4310 In re: Resource Technology Corp.

08-4118 & 08-4310 In re: Resource Technology Corp.

Bankruptcy Reassignment of contracts Where it would require $3 million to perform a contract, and the proposed assignee only had $1,000 in assets, the bankruptcy court properly refused to permit assignment of the contract to that party. "The bankruptcy judge also doubted that Chiplease or Scattered had the financial wherewithal to lend the Investment Trust the $3 million ...

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