On June 2, 2010, the Third Circuit overruled longstanding precedent interpreting the definition of a “claim” under the Bankruptcy Code. In JELD-WEN, Inc. v. Van Brunt (In re Grossman’s Inc.), No. 09-1563, slip op., (3d Cir. June 2, 2010) an en banc panel rejected the state law accrual theory of claims recognition established in Avellino & Bienes v. M. Frenville Co. (Matter of M. Frenville Co.), 744 F.2d 332 (3d Cir. 1984), in favor of the more widely followed conduct test theory.
Filed under:
USA, Insolvency & Restructuring, Litigation, White & Case, Bankruptcy, Debtor, Unsecured debt, Federal Reporter, Due process, Liquidation, Remand (court procedure), Bankruptcy discharge, Federal Communications Commission (USA), US House of Representatives, US Code, Supreme Court of the United States, United States bankruptcy court, Third Circuit, Fourth Circuit
Authors:
Location:
Firm: