In the Matter of Xonics Photochemical, Inc., Debtor. Appeal of Mitsui and Company (u.s.a.), Inc

U.S. Court of Appeals, Seventh Circuit · Decided 1988-03-08

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POSNER, Circuit Judge. This bankruptcy case presents interesting questions concerning the status in bankruptcy of contingent liabilities and in-teraffiliate obligations. For background see Comment, Avoidability of Intercorpo-rate Guarantees Under Sections 548(a)(2) and 544(b) of the Bankruptcy Code, 64 N.C.L.Rev. 1099 (1986). Xonics, Inc., now in Chapter 11 ban…

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