There can be no question about whether the beneficiary of a surety bond has been ‘paid in full’ before the surety has subrogation rights.
Confirming a chapter 13 plan on the assumption that a claim was entitled to priority didn’t bar the debtors from later objecting to the priority of the claim.
The Tenth Circuit will likely take sides on a split between the Ninth and Seventh Circuits on Section 544(b) state-law claims brought by a trustee in the shoes of an actual creditor.
Reversing the bankruptcy court, a district judge in New York held that a civil penalty wasn’t discharged even though the fraud wasn’t committed against the government.
In Pennsylvania, a gaming license isn’t ‘property.’ It’s a revocable license that can’t be owned.