SCOTUS Restricts Inherent Bankruptcy Authority

In Law v. Siegel, 571 U.S. ___ (2014) (slip opinion), the Supreme Court of the United States invalidated a bankruptcy court’s use of its inherent authority to tax (surcharge) a debtor’s exempt property with¬†legal expenses incurred by a chapter 7 trustee during a bankruptcy case.¬† In doing so, the Supreme Court reminded us that a […]

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