Bankruptcy Trumps Probate–Anna Nicole Wins!

Keith Sharfman —  1 May 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).