Baker Hostetler business attorney George Klidonas authored “The New Supreme Court: A Discussion of Recent Bankruptcy Decisions,” which appeared in the May 2011 issue of Bloomberg Law Reports.
Congress’ Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 intended to deter debtors from abusing the bankruptcy system when they had the ability to repay their creditors the maximum that they could afford. Obeying the spirit of congressional intent, the Supreme Court has added its own patina through various decisions this past year. Klidonas’ article explores the effects of the Supreme Court rulings on both debtors and creditors alike.
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