In its amicus curiae brief, United Policyholders argues that an insurance company should not have the right to insert itself into the bankruptcy reorganization proceeding of its insured when the proposed reorganization has been found to be “insurance neutral.” An insurer’s attempts to gain broader participatory rights in the reorganization is ripe for abuse and does not serve the purposes of the bankruptcy code.
Truck Insurance Exchange v. Kaiser Gypsum Company, Inc., et al.
Year
2024
Court
United States Supreme Court
Case Number
22-1079
Issue
- Bankruptcy
State
- North Carolina