Energy bankruptcies can be rich in opportunity for potential debtors, creditors and distressed-asset purchasers. Failing to understand the “safe harbors” of the bankruptcy code can lead to the evaporation of value, lost opportunity and potential severe disruption to a company’s operations. But, when properly understood, utilizing the safe harbors can be an effective tool in preserving value and mitigating risk.

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This article was originally published in Daily Bankruptcy Review on July 10, 2013.