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Petition of the day

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Thepetition of the day is:

16-492

Issue:Whether bankruptcy courts should apply a federal rule of decision (as five circuits have held) or a state law rule of decision (as two circuits have held, expressly acknowledging a split of authority) when deciding to recharacterize a debt claim in bankruptcy as a capital contribution.

Cases: PEM Entities LLC v. Levin

Recommended Citation: Kate Howard, Petition of the day, SCOTUSblog (Dec. 15, 2016, 12:00 AM), https://www.scotusblog.com/2016/12/petition-of-the-day-1036/