Sep 13, 2010 22:16
14 yrs ago
1 viewer *
English term
Cure Costs
FVA
Not for points
English to German
Law/Patents
Law (general)
US Bankruptcy Code
If there are any cure costs under Section 365 of the Bankruptcy Code, these shall be deducted.
I gather that this provision applies specifically to executory contracts, whereby the buyer (who, in this case buys assets out of a bankruptcy estate) is protected from having to pay e.g. penalties caused by the debtor, who previously owned the contract. Does anyone know the German term for Cure Costs?
I gather that this provision applies specifically to executory contracts, whereby the buyer (who, in this case buys assets out of a bankruptcy estate) is protected from having to pay e.g. penalties caused by the debtor, who previously owned the contract. Does anyone know the German term for Cure Costs?