What Will Happen To The Retiree Health Benefits?
The Bankruptcy Code authorizes modification of retiree health care benefits under certain conditions and provides for the reinstatement of benefits modified within 180 days before the filing of the Chapter 11 case unless the balance of the equities clearly favors the modification. These retiree health care benefits will be addressed in the Chapter 11 case of an auto manufacturer. For more information, please contact: Robin Phelan Robin.Phelan@HaynesBoone.com 214.651.5612 or Wilson Chu Wilson.Chu@HaynesBoone.com 214.651.
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