Posts Tagged ‘state law dissolution’
Chapter 7 debtor dissolved under State law held responsible for ERISA plan
A company liquidated in bankruptcy and dissolved under state law maintains responsibility for an ERISA plan if it continues to make pay-outs in the company name The 11th Circuit has interpreted ERISA to require such defunct company’s affiliates to back-stop such plan. A timely PBGC take-over would have mitigated this result.
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