The petition 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.

Posted in PEM Entities LLC v. Levin, Cases in the Pipeline

Recommended Citation: Kate Howard, Petition of the day, SCOTUSblog (Dec. 14, 2016, 11:46 PM), http://www.scotusblog.com/2016/12/petition-of-the-day-1036/