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University of Michigan Law School

Business Organizations Law

1979

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Abandoning Bankruptcy Law's "Identity Of Interest" Exception, Michigan Law Review Dec 1979

Abandoning Bankruptcy Law's "Identity Of Interest" Exception, Michigan Law Review

Michigan Law Review

Section I of this Note discusses the goals and weaknesses of the identity of interest exception; Section II explains the advantages of consolidation and novation; and the final Section suggests a way to separate cases where novation is appropriate from those where consolidation is the preferred remedy.