SCOTUS Takes on Some Aspects of Fraudulent Conveyance and Bankruptcy
Fraudulent conveyances often are related to existing or impending insolvency, and so of course alleged fraudulent conveyances are often litigated in bankruptcy cases. It is therefore interesting to see SCOTUS take up yet another bankruptcy case, with this one revolving around the meaning of words (“actual fraud” that will define the extent to which a bankrupt is discharged from (protected against) future fraudulent conveyance claims. The issues are often enough litigated in asbestos bankruptcy cases.
SCOTUSblog has a cogent February 29, 2016 summary of the issues, which are set for oral argument on Tuesday March 1 in the Husky International case. And, now, there are added dimensions to the case after the death of Justice Scalia.