The U.S. Supreme Court Just Released An Opinion In A Bankruptcy Case

The U.S. Supreme Court rarely hears bankruptcy cases, so it is a big deal in the bankruptcy world when it happens. This case has been closely watched. It has a goofy set of facts, and it is a tricky area of law.

The Court disagreed with all prior courts who had heard the case, and ruled in favor of the debtor, even though he had attempted to perpetuate a fraud on his creditors and trustee.