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Bankrupt Md. company’s $4.7M debt for damages likely can’t be discharged, 4th Circuit says

June 15, 2022
100 us dollar banknotes

A Savage-based supplier of packaging products likely cannot discharge through bankruptcy the $4.7 million in damages owed a competitor for intentional interference with contracts and tortious interference with business relations, a federal appeals court ruled last week. In its published decision, the 4th U.S. Circuit Court of Appeals said Cleary Packaging LLC’s actions if found on remand to have caused “willful and malicious injury” to Cantwell-Cleary Company Inc. would not be a dischargeable debt under the U.S. Bankruptcy Code. “This fight is not over,” said Cleary Packaging’s attorney, Paul Sweeney. “We have options in the bankruptcy court that we are considering.”

Article Source: The Daily Record

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