Bill on Bankruptcy: Delaware Garners Almost All Big Chapter 11s

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Dec. 5 (Bloomberg) -- Why the bankruptcy court in Delaware garnered almost five times more significant Chapter 11 reorganizations this year than New York is the first topic of discussion on the new video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle.

The Supreme Court may have taken on a bankruptcy case involving an inherited individual retirement account to decide where the plain meaning rule ends and See more +

Dec. 5 (Bloomberg) -- Why the bankruptcy court in Delaware garnered almost five times more significant Chapter 11 reorganizations this year than New York is the first topic of discussion on the new video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle.

The Supreme Court may have taken on a bankruptcy case involving an inherited individual retirement account to decide where the plain meaning rule ends and judges can begin using their common sense in situations likely not considered by Congress in passing a law. Rochelle also tells where the Solicitor General comes down on the Supreme Court case in January deciding whether the right to a final ruling by a life-tenured district judge can be waived.

Rochelle discusses a study by University of Maine School of Law Professor Lois R. Lupica showing that bankruptcy reform in 2005 backfired on lenders who though making bankruptcy more difficult would lead to larger recoveries. Lupica's study shows that creditors' recoveries fell by ``statistically significant'' amounts under both Chapters 13 and 7 after the new laws came into effect. See less -

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