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Home / News Stories / Cleanup costs recouped as "administrative expenses" (access required)

Cleanup costs recouped as "administrative expenses" (access required)

A Tidewater bank that cleaned up hazardous waste on a chapter 11 debtor's land is entitled to recoup the cleanup cost as a priority "administrative expense" under bankruptcy law, a Norfolk bankruptcy judge has ruled. Although the bank was not under any state or federal order to clean up oil contamination at the property, and had ...

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