Two North Carolina Courts have held within two months that the Bankruptcy Clause doesn’t demand ‘financial distress’ to establish subject matter jurisdiction.
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Key case, Bill. Thanks for
Key case, Bill. Thanks for posting. In my class at Georgetown Law School, I have introduced my students to what I call the "Existential trifecta," meaning three cases that will shape bankruptcy practice for decades--Purdue, Boy Scouts, and LTL. Bestwall is a variant of LTL and raises the same issue of financial distress and the scope of the Bankruptcy Power in the Constitution. I hope this case is addressed at Views from the Bench and the ABI Spring Meeting. Thanks for the great work you do on keeping us all posted.