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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
bymcgrew ( 92797 ) * writes:
I had to RTFA to find out that WDE is Westinghouse Digital Electronics.
Westinghouse is currently in General Assignment, an alternative to bankruptcy under California state law
I don't get this at all. The US Constitution says bankruptcies are in Federal court and not a state matter. Is there a better FA somewhere?
bydrinkypoo ( 153816 ) writes:
I don't get this at all. The US Constitution says bankruptcies are in Federal court and not a state matter. Is there a better FA somewhere?
Bankruptcy has been handled at the state level longer than I can remember, or at least, the laws for same are wildly different in different states. Florida is a home for retirees specifically because going to Florida permits them to evade debts. California is also a great place to be in debt.
bynomadic ( 141991 ) writes:
Bankruptcy is in Federal Courts exclusively; state courts are not allowed to hear bankruptcy cases. However, different state laws may impact how certain aspects of the bankruptcy, including what assets are protected, are handled.
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bydrinkypoo ( 153816 ) writes:
However, different state laws may impact how certain aspects of the bankruptcy, including what assets are protected, are handled.
Well obviously IANAL. I guess the next logical question is what happens when someone feels that the federal court has disrespected the state laws.
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bynomadic ( 141991 ) writes:
Well obviously IANAL. I guess the next logical question is what happens when someone feels that the federal court has disrespected the state laws.
They can just appeal the decision to the Federal appellate court, which in turn can certify the question to the state supreme court if they want, but that is at the Federal court's discretion.
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