Emerging Tensions Between CERCLA and the Bankruptcy Code
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA or Superfund)1 provides for the allocation of responsibility for and cleanup of damage to the environment caused by hazardous substances.2 The policies underlying CERCLA assign responsibility for payment of cleanup costs to those who pollute. In contrast, the policies underlying the Bankruptcy Code3 attempt to provide a reorganized debtor the opportunity for a fresh start after certain claims against it have been discharged.