Harvard Law School Bankruptcy Roundtable

The Bankruptcy Roundtable

Promoting the dissemination of academic and practitioner views of current bankruptcy issues

Beyond the Debtor: Third-Party Releases in Chapter 15
by Editor
October 20, 2026
By Ameneh Bordi, William H. Cálix, Jacob Lester, and Noah M. Noonan (Sidley Austin LLP) The Supreme Court’s decision in Harrington v. Purdue Pharma L.P. fundamentally altered the treatment of Non-Consensual Third-Party Releases (NCTP Releases) in chapter 11 by holding that, absent affected creditors’ consent, the Bankruptcy Code does not authorize a chapter 11 plan to release claims against nondebtors.… Read more: Beyond the Debtor: Third-Party Releases in Chapter 15

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