TBA Law Blog


Posted by: Stacey Shrader Joslin on Jun 17, 2024

The U.S. Supreme Court has ruled that bankrupt companies are not entitled to be reimbursed to make up for a disparity in bankruptcy fees that lasted from 2018 to 2020, saying that U.S. taxpayers should not be on the hook for refunds that would add up to hundreds of millions of dollars. The court ruled in a 6-3 opinion that Congress had intended to raise rates uniformly, and had already addressed the disparity by raising rates in two states that briefly charged lower fees, SCOTUSblog reports.