Bankruptcy,
U.S. Supreme Court
Jun. 13, 2022
Siegel v. Fitzgerald: the U.S. Supreme Court weighs in on the meaning of the bankruptcy clause
Victor A. Sahn
Partner
SulmeyerKupetz PC
Email: vsahn@sulmeyerlaw.com
Victor specializes in representing Chapter 11 debtors and creditors' committees, as well as secured creditors, equity committees and individual unsecured creditors in bankruptcy cases. He has frequently worked with asset purchasers in Chapter 11 and Chapter 7 cases as well as plan proponents in Chapter 11 cases.
Article I, Section 8 of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies” throughout the United States (“Bankruptcy Clause”). On June 6, the United States Supreme Court decided Siegel, Trustee of the Circuit City Stores, Inc. Liquidating Trust v. Fitzgerald, Acting United States Trustee for Region 4, 596 US ___ (06/06/2022) (Docket No. 21-441), a decision which may have far-reaching financial implications for the...
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