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United States
party in intereststanding
Truck Insurance Exchange v Kaiser Gypsum Co
602 U.S. 268 (2024)
Key Principle
An insurer with financial responsibility for the claims in a Chapter 11 bankruptcy is a 'party in interest' under 11 U.S.C. s 1109(b) and so may raise, appear, and be heard on any issue in the case, regardless of whether the reorganization plan is 'insurance neutral'.
Area of Law
insolvency
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