Bankruptcy Trumps Probate–Anna Nicole Wins!

Cite this Article
Keith Sharfman, Bankruptcy Trumps Probate–Anna Nicole Wins!, Truth on the Market (May 01, 2006),

A few weeks ago, I predicted here that Anna Nicole Smith would win her case in the Supreme Court. That prediction has now come true. Justice Ginsberg’s opinion for a unanimous court holds that state probate law cannot divest federal bankruptcy courts of jurisdiction over the claims of a bankruptcy estate against a probate estate beneficiary.

It will be interesting to see how this result will be spun by the lawyers and legal commentators who earlier suggested that this was a close case (see here).