THE BANKRUPTCY COURT’S ARM GETS LONGER
On May 26, 2015, the U.S. Supreme Court issued its ruling in Wellness International Network, Ltd., et al. v. Sharif. This decision broadened the Bankruptcy Court’s jurisdiction to hear and determine non-core matters – so called Stern Claims. Stern claims are claims that bankruptcy judges are constitutionally prohibited from finally determining despite specific statutory authorization to do so – as long as the parties proceeding knowingly and voluntarily consent.
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