Environmental Liability Transfer | Corporate Bankruptcy | Environmental Liability Transfer
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Corporate Bankruptcy

Environmental Liability Assumption  |  Robust Indemnification  |  Environmental Clean Slate

Banruptcy

 

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).

 

 

 

White Paper

» Bloomberg BNA: What Every Bankruptcy Advisor Should Know About Environmental Liabilities

White Paper written by Randall Jostes, CEO Environmental Liability Transfer, Inc.

 

 

Contact ELT

To learn more about ELT’s bankruptcy solutions, call  (314) 775-0500 or email us with the form below.