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Massachusetts Bankruptcy Court Sends a Reminder on Avoiding the Substantive Consolidation Trap

¬†This article was sourced from Mintez Levin.¬†Article by Charles W. Azano. There are numerous reasons why a company might use more than one entity for its operations or organization: to silo liabilities, for tax advantages, to accommodate a lender, or for general organizational purposes. Simply forming a separate entity, however, is not enough. Corporate formalities […]