Fifth Circuit Approves Breakup Fees as ‘Admin’ Expenses or Costs of Sale
The Fifth Circuit avoided deciding whether approval of breakup fees is judged by the more lenient Section 363(b) or the more exacting standard for administrative expenses under Section 503(b).
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Case Details
Case Citation
Official Committee of Unsecured Creditors v. Bouchard Transportation Co. (In re Bouchard Transportation Co.), 22-20321 (5th Cir. July 25, 2023)
Case Name
Official Committee of Unsecured Creditors v. Bouchard Transportation Co. (In re Bouchard Transportation Co.)
Case Type
Business