Delaware to Continue Dominating Bankruptcy Law
Feb. 6 (Bloomberg) -- The dominance of Delaware and New York bankruptcy courts is secure for another two years, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their new video. In the GSC Group Inc. case a bankruptcy judge must 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. Also, a $14 billion lawsuit involving Tronox Inc. a perfect case for a bankruptcy judge 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 a U.S. Court of Appeals telling homeowners that they can't escape all liabilities of home ownership by filing bankruptcy.
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