Supreme Court hears arguments on Chapter 12 bankruptcy, insider trading

[JURIST] The US Supreme Court [official website] heard oral arguments [day call, PDF] in two cases on Tuesday. In Hall v. US [transcript, PDF; JURIST report], the justices heard arguments on a conflict between tax law and bankruptcy procedures, regarding the sale of family farms under Chapter 12 of the Bankruptcy Code [text]. The Hall family, after filing bankruptcy for their farm, found a purchaser who paid more than the value of their debt. As a result, they incurred a…

By |2011-04-27T12:13:47+00:00April 27th, 2011|Uncategorized|Comments Off on Supreme Court hears arguments on Chapter 12 bankruptcy, insider trading