Bill on Bankruptcy: Delaware to Continue Dominating Bankruptcy
Feb. 6 (Bloomberg) — The dominance of Delaware and New York bankruptcy courts is secure for another two years, for reasons Bloomberg Law’s Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their new video. GSC Group Inc. gives Bankruptcy Judge Shelley C. Chapman in New York an opportunity to decide whether law firm Kaye Scholer LLP and financial adviser Capstone Advisory Group LLC were involved in a major conspiracy or the U.S. Trustee is making unfounded technical objections. Rochelle also cites statistics about student loans to explain why the government may be forced into a moratorium on repayment unless the job market improves. The video then turns to the $14 billion lawsuit by creditors of Tronox Inc. against Kerr-McGee Corp. where Bankruptcy Judge Allan L. Gropper has the perfect case to decide whether objections based on Stern v. Marshall can or can’t be waived. The video ends with discussion of a new opinion from the U.S. Court of Appeals in Boston telling homeowners that they can’t escape all liabilities of home ownership by filing bankruptcy.