In today’s Huffington Post, Vermont Law School Professor Jackie Gardina talked about BP and the threat of bankruptcy. See http://www.huffingtonpost.com/christopher-weber/why-the-gm-and-chrysler-b_b_648414.html.

The concern is that once a company files for bankruptcy, it may not longer be accountable for cleanup costs.  She argues to close this loophole Congress and the President must act to do such things as gain a security interest on BP’s property.

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