Bruce D. Buechler, representing the Official Committee of Unsecured Creditors of Gibson Brands Inc., is quoted in Law360 regarding the bankrupt guitar maker’s request to assume certain separation agreements during the Chapter 11 court proceedings. Arguing that the proposed agreements were in fact severance payments, which is prohibited by the Bankruptcy Code, Buechler pointed out that most of the funds had already been paid. The bankruptcy court agreed, and the denied the debtors’ motion seeking  to assume these agreements. (subscription required to access article)