Supreme Court Precludes Collateral Attack on Bankruptcy Court Orders in Travelers Indemnity Co. v. Bailey
June 24, 2009
On June 18, 2009, the Supreme Court of the United States issued a 7-2 decision in Travelers Indemnity Co. v. Bailey, No. 08-295. The case reinforces the binding nature and effect of a final bankruptcy court order, even where the court may have lacked jurisdiction to enter that order in the first place.
