No Looking Back At Prepetition Judgments In 7th Circ.

Law360, New York (January 6, 2014, 2:30 PM EST) -- On Dec. 27, 2013, the United States Court of Appeals for the Seventh Circuit reversed the decision of two lower courts and held that a bankruptcy court could not look behind final judgments that a claimant had obtained prior to the bankruptcy filing in order to disallow her claim against the debtor.[1] The decision underscores the limiting force of collateral estoppel on a bankruptcy court’s power to issue findings in respect of prepetition events and, more generally, to invoke equity as a basis for limiting or...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.