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Fifth Circuit Embraces Flexible Approach To Countryman Test Of Executoriness In Bankruptcies Involving Multiparty Contracts - Insolvency/Bankruptcy

Whether a contract is "executory" such that it can be assumed, rejected, or assigned in bankruptcy is a question infrequently addressed by the circuit courts of appeals. ....

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Fifth Circuit Embraces Flexible Approach to Countryman Test of Executoriness in Bankruptcies Involving Multiparty Contracts | Jones Day

Whether a contract is "executory" such that it can be assumed, rejected, or assigned in bankruptcy is a question infrequently addressed by the circuit courts of appeals. The U.S. Court. ....

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