The Seventh Circuit Court of Appeals recently issued a decision regarding finality and appealability in bankruptcy. Rimon Partner, Pamela M. Egan, analyzes this decision and provides insight on when a party can appeal a bankruptcy court decision. The “takeaway is simple. The bank’s fraudulent-transfer action was just one tactic that it used to recover its claim. Although the tactic failed,…

Published in this issue of Pratt’s Journal of Bankruptcy Law, Pamela Egan discusses a significant decision by the U.S. Court of Appeals for the Ninth Circuit holding that the Bankruptcy Abuse Prevention and Consumer Protection Act did not abrogate the absolute priority rule for individual chapter 11 debtors, but merely carved an exception. The Ninth Gets It Right—Absolute…