Environmental Liability Assumption  |  Robust Indemnification  |  Environmental Clean Slate

Chapter 11 bankruptcy does not provide a blanket release from environmental obligations.  A debtor owning environmental liabilities is exposed to higher financial risk during bankruptcy due to increased pressure from creditors and regulators seeking resolution of non-dischargable environmental obligations.

ELT can assume non-dischargeable environmental obligations addressed during bankruptcy, providing debtors an environmental clean slate once they emerge.

Unless resolved, as a debtor emerges from Chapter 11, environmental obligations can remain on the company’s balance sheet.

ELT’s robust corporate indemnifications can assume all environmental obligations (past, present, future, above/below grade, on-site/off-site) and guarantee site remediation to regulatory standards, secured with a cash trust. This effectively removes the debtor’s designation as a PRP (potentially responsible party).