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Jevic Commentary

posted by Melissa Jacoby

Just a cross-posting note: Jonathan Lipson and I comment on the U.S. Supreme Court's Jevic decision at the Harvard Law School Corporate Bankruptcy Roundtable.

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If Grohsgal were right, bankruptcy in general and Chapter 11 in particular would complete their voyage to being nothing but "might makes right" and "absolute priority comes from the muzzle of a big war chest."

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