Bankruptcy Code Not Reverse Preempted By Texas Insurance Code, Judge Says

Mealey's (October 18, 2021, 1:39 PM EDT) -- WILMINGTON, Del. — A Delaware federal bankruptcy judge on Oct. 15 held the bankruptcy court is not reverse preempted from determining whether disputed funds are part of an estate because, at its base, a lawsuit involves a contract dispute that will determine the owner of the disputed funds, further finding that an insurer’s special deputy receiver has failed to establish cause for lifting an automatic stay....