Benefits and bankruptcy are each governed by statutory regimes that were not drafted with the other in mind and serve different policy goals. This Portfolio addresses the impact of insolvency and bankruptcy on the termination of pension and welfare benefit plans and the treatment of pension and welfare benefit plans and claims in bankruptcy.
Buchanan Ingersoll & Rooney Attorneys, James "Jim" Newell, Mark Pfeiffer, and William H. Schorling along with Attorney Mathew D. Clyde of Cozen O'Connor, P.C. recently coauthored a contribution to the Bloomberg Tax Portfolio, Employee Benefits in Bankruptcy, No. 380. The cross-firms team of attorneys’ Portfolio addresses the impact of a company's insolvency and bankruptcy on the termination of employee benefits including pensions and welfare plans as well as discusses the impact on a single or multi-employer plan, employer withdrawals, and the treatment of claims from deferred compensation and "top hat" plans.