Bankruptcy,
9th U.S. Circuit Court of Appeals
Jun. 27, 2019
Ruling reveals potholes in the road to Chapter 11 for cannabis businesses
To save a successful Chapter 11 restructuring from, in the words of the 9th U.S. Circuit Court of Appeals, going “up in smoke,” and in a case of first impression, the 9th Circuit recently affirmed a Washington state bankruptcy court’s order confirming a commercial landlord’s Chapter 11 plan which received “at least indirect support” from a tenant in the cannabis business.
Jerrold L. Bregman
Partner
Brutzkus Gubner LLP
Email: jbregman@bg.law
UCLA SOL; Los Angeles CA
Jerrold has offices in Los Angeles and Denver.
To save a successful Chapter 11 restructuring from, in the words of the 9th U.S. Circuit Court of Appeals, going "up in smoke," and in a case of first impression, the 9th Circuit recently affirmed a Washington state bankruptcy court's order confirming a commercial landlord's Chapter 11 plan which received "at least indirect support" from a tenant in the cannabis business. $95
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