Did Law v. Siegel Sound the Death Knell for the Equity Powers of the Bankruptcy Court? Mark Berman thinks so.
The good news is that it's a nice (relatively) short opinion with no dissents or concurrences that require a map to understand. The bad news is that it dodges all the interesting issues.
The Supreme Court's opinion in Executive Benefits Insurance Agency v. Arkison.
Yesterday's Is. It. Legal. provoked some comments and questions. Some quick replies above the line, so to speak.
Q: Is it clear that this is going to be a cramdown plan?
