Legal Perspective: Supreme Court’s Bankruptcy Decision Backs Priority Distributions

Tulsa World – Bankruptcy & Creditor’s Rights  attorney Michael R. Pacewicz discusses how in a widely anticipated decision, the U.S. Supreme Court recently held that bankruptcy courts may not approve so-called “structured dismissals” of Chapter 11 bankruptcy cases that provide for distributions that do not follow the Bankruptcy Code’s priority rules when affected creditors object. More.