27May
Is Debt Between A Corporation And Its Sole Shareholder Extinguished By The Merger Doctrine? Access Realty Gives Us An Answer (Sort Of).
Under the merger doctrine, when the same person is both the creditor and the debtor with respect to a debt, that debt is extinguished. Yet, in Access Realty Group, Inc. v. Kane, No. 18-0173, 2019 IL App (1st) 180173 (Sept. 13, 2019), the Illinois...
By:
Novack and Macey LLP
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