Dive into the complexities of the permanency of official committees in Chapter 11 bankruptcy cases through landmark rulings, examining authority and statutory powers
From time to time, the U.S. Supreme Court has distinguished the bankruptcy courts’ power deriving from Congress’ authority under Article I of the U.S. Constitution to enact uniform.
To prevent "trafficking in corporate shells," the Bankruptcy Code prohibits any discharge of corporate or partnership debts if the debtor is not an "individual" and, in a chapter 11.
In Czyzewski v. Jevic Holding Corp., 137 S. Ct. 973 (2017), the U.S. Supreme Court held that the Bankruptcy Code does not allow bankruptcy courts to approve distributions to creditors.
To prevent "trafficking in corporate shells," the Bankruptcy Code prohibits any discharge of corporate or partnership debts if the debtor is not an "individual" and, in a chapter 11 case.