The creditors assert that federal bankruptcy law, which lets judges break contracts, should trump state law.
Owners often break contracts with managers, but in those cases, the manager still gets his remaining salary.
Most life insurers have pleaded weakness when pressing to be allowed to break contracts and lower pay-out rates.
Trade Umenyiora and, in their minds, they set a precedent for rewarding disruptive players who break contracts.
Many wish to instantly break contracts when it is no longer convenient for them to live there.
Part of the challenge is that many buyers are seeking to break contracts on properties that have plunged in value since the real estate bubble burst.
And late last year, Skyhook sued Google, charging that Google had copied its technology and persuaded Motorola to break contracts with Skyhook and use Google's competing service.
Green said his company would "seek damages for breach of contract and for inducement to break contracts".
A bankruptcy court could shrink liabilities for retiree health care, break contracts that protect auto dealers and order plant closings.
They can break contracts, dismiss elected officials and sell public utilities.
According to Crain's Detroit, like PA 4, it gives EMs the ability to break contracts.
