Supreme Court Precludes Collateral Attack on Bankruptcy Court Orders in Travelers Indemnity Co. v. Bailey
Date: 06/24/09
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.SUPREME COURT PRECLUDES COLLATERAL ATTACK ON BANKRUPTCY COURT ORDERS IN TRAVELERS INDEMNITY CO. v. BAILEY.pdf (pdf | 127.77 KB )