In an article published by Creditor Rights Coalition, Philip Anker explores the propriety of third-party releases.
Excerpt: The propriety of non-consensual third-party releases, and the decisions in Purdue and Ascena, can be analyzed on many different levels.
One is a question of policy, more than law: Should Congress permit plans of reorganization that release claims by creditors, without their consent, against non-debtors?