Insurance companies which have allegedly violated their independent duty of good faith and fair dealing to innocent injured third party claimants cannot be allowed to misuse the bankruptcy process to escape potential statutory liability to third parties.
Salem Suede, Inc. vs Zion Realty Corporation
Court U.S. Bankruptcy Court, Massachusetts
Case Number No. 96-13184-JNF, 96-14692-JN
- Insurer's statutory liabilities to third parties