Bill on Bankruptcy: Listening in the Dark at the NCBJ
Nov. 7 (Bloomberg) — Bloomberg Law’s Lee Pacchia asks Bloomberg News bankruptcy columnist Bill Rochelle how he responded when the lights went out during his luncheon keynote speech at the annual convention of the National Conference of Bankruptcy Judges last week in Atlanta.
In the new video, just like the period in darkness at the NCBJ, Bill talks about the two bankruptcy cases coming to the U.S. Supreme Court this term. Bill explains why the seemingly less important case, Law v. Siegel, may end up being more significant than Executive Benefits Insurance Agency v. Arkison, dealing with whether someone can waive the right for a final ruling by a life-tenured federal district judge.
Bill believes the Law could be a watershed in federal jurisprudence if the opinion subjugates federal courts’ historical equity powers to the plain language of an imperfect statute.
The video concludes with a proposal for a federal Court of Bankruptcy Appeals to resolve the 10 circuit splits that arose in the last year alone. Having uniformity in bankruptcy law throughout the country would bring an added benefit by deterring forum shopping, Bill says.