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Parties Debate Rights To Bankruptcy Estate Assets Before Supreme Court

WASHINGTON, D.C. -- (Mealey's) The U.S. Supreme Court on Nov. 29 heard arguments over whether capital gains earned on the sale of a debtor couple's farm should be treated as administrative expenses within the bankruptcy estate or are proceeds to which the U.S. government has priority ( Hall v...

U.S. Supreme Court Hears Arguments In Case Of Debtor's Alleged Defalcation

WASHINGTON, D.C.- (Mealey's) The U.S. Supreme Court on March 18 heard oral arguments in a case involving a bank's claim that a debtor who had acted as trustee for his father's insurance trust acted recklessly and was guilty of defalcation for making loans to himself during the time he had...

U.S. Supreme Court to Rule on Bankruptcy Judges' Power in 'Core' Proceedings

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on June 24 granted certiorari in a case dealing with the questions of whether Article III of the U.S. Constitution permits the exercise of the judicial power of the United States by bankruptcy courts on the basis of litigant consent and whether...