Recent Second Circuit and Ninth Circuit opinions highlight the dispute over whether or not the Bankruptcy Code authorizes allowance of claims for post-petition legal fees incurred by unsecured creditors. Specifically, while not all Circuits agree, in the wake of the 2007 United States Supreme Court decision Travelers Casualty & Surety Co. of North America v. Pacific Gas & Electric Co., 549 U.S.
USA, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Bankruptcy, Unsecured debt, Unsecured creditor, Supreme Court of the United States, Ninth Circuit
In Salyersville Nat’l Bank v. Bailey (In re Bailey), 664 F.3d 1026 (6th Cir.
USA, Kentucky, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Debtor, Unsecured debt, Collateral (finance), Debt, Unsecured creditor, United States bankruptcy court, Sixth Circuit