Piercing the Corporate Veil in a New York Bankruptcy
The phrase, “piercing the corporate veil,” is not a bankruptcy concept and does not appear in the Bankruptcy Code. Rather, it is a state-law equitable remedy for collapsing corporate entities with their principal shareholders to enable plaintiffs in civil actions to recover money from them—usually in fraud cases. Typically, the creditors sue the business entities …
Piercing the Corporate Veil in a New York Bankruptcy Read More »
