Justices To Consider Restoring Ch. 11 Jurisdiction

By Andrew Scurria (January 12, 2015, 8:57 PM EST) -- The constitutional authority of bankruptcy courts rests on a complex jurisdictional case before the U.S. Supreme Court this week that attorneys hope will end in the reversal of a Seventh Circuit rule crippling the power of Chapter 11 courts to decide even "core" bankruptcy disputes.

For the third time since 2011, the high court will wade into the scope of bankruptcy jurisdiction on Wednesday when it hears oral arguments in Wellness International Network Ltd. v. Sharif, a case that could clear up considerable confusion in the restructuring community over which matters can be decided in Chapter 11 and which need an...

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