In re Chateaugay Corp.

ELR Citation: ELR 21466
No(s). s. 90-5024 et al (2d Cir. Sep 6, 1991)

The court holds that unincurred Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) response costs for prepetition releases or threatened releases of hazardous substances are "claims" dischargeable in bankruptcy. A diversified steel, aerospace, and energy corporation filed...