Targeted News Service (Press Releases)
In the Amicus brief, the SFAA argues that a decision made by the
Failure to allow one debtor to assume a surety program with the consent of the surety could deprive other debtors of significant financial resources needed to emerge from bankruptcy and remain viable after it. In its filing, the SFAA urges the Court to modernize its test for enforceable contracts so that it can be applied to surety bonds, which are three-party contracts.
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