In a decision that once again evidences the Fifth Circuit’s strong stance on the finality of asset sales in bankruptcy absent a stay of the applicable order, on March 8, 2023 the United.
United States District Court for the Southern District of Texas affirmed bankruptcy court’s exercise of Bankruptcy Code provisions to strip subrogation rights of sureties against asset purchaser. Sureties appealed provisions confirming authorizing sale of debtors’ assets.