Rethinking Environmental Cleanup Strategies When One Potentially Responsible Party Is in Bankruptcy
Typically, all potentially responsible parties (PRP) are held jointly and severally liable for the costs of environmental cleanup at hazardous waste sites. The bankruptcy of a PRP can further complicate the already burdensome task of allocating those cleanup costs. This article proposes a reevaluation of strategies when allocating costs, filing claims and litigating issues related to environmental remediation.