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Petition of the day

The petition of the day is:


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.

Recommended Citation: Kate Howard, Petition of the day, SCOTUSblog (Dec. 14, 2016, 11:46 PM),