No Bankruptcy Aid For Marijuana Businesses, Justice Department Officials Say
Forbes: “The U.S. Department of Justice is issuing another reminder that marijuana businesses don’t have a right to bankruptcy proceedings. . . . ‘”First, the bankruptcy system may not be used as an instrument in the ongoing commission of a crime and reorganization plans that permit or require continued illegal activity may not be confirmed. Second, bankruptcy trustees and other estate fiduciaries should not be required to administer assets if doing so would cause them to violate federal criminal law’.”