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Substantive Consolidation In Bankruptcy: A Primer, J. Stephen Gilbert
Substantive Consolidation In Bankruptcy: A Primer, J. Stephen Gilbert
Vanderbilt Law Review
Substantive consolidation is a powerful vehicle in bankruptcy by which the assets and liabilities of one or more entities are combined and treated for bankruptcy purposes as belonging to a single enterprise.Because substantive consolidation vitally affects the rights and interests of parties involved in bankruptcy proceedings, it is termed a matter"pregnant with consequence"' and should be used with caution. Substantive consolidation is not a common occurrence because it exacts strict requirements in order to protect the parties that it affects. Be-cause substantive consolidation lacks clear statutory guidance, however,courts examine the facts of each case closely to ascertain whether consolidation is …
William 0. Douglas -- His Work In Policing Bankruptcy Proceedings, John W. Hopkirk
William 0. Douglas -- His Work In Policing Bankruptcy Proceedings, John W. Hopkirk
Vanderbilt Law Review
William 0. Douglas, while associated with the Securities and Exchange Commission during the mid-nineteen thirties, was responsible for a study of methods and procedures of corporate reorganization. By examining this area of Douglas' work, we can compare the position on corporate reorganization which the Justice developed as an administrative official for the New Deal with his later consideration of the same problems as a member of the Supreme Court of the United States. Through this comparison we can observe a number of basic attitudes which were manifested by Douglas both before and since he has joined the Court. Important among …