Re:Judge Refuses to Allow Sale of Infowars to The Onion
by a12k on Wednesday December 11, 2024 @10:37AM
(#42388816)
Yep! This is all correct. The point remains, however, that Delaware law does have a substantial amount to do with bankruptcy proceedings in Delaware, which is really the point I was responding to.
Re:Judge Refuses to Allow Sale of Infowars to The Onion
by ensignavenger on Wednesday December 11, 2024 @12:23PM
(#42390206)
I may have been wrong to say "nothing" but from what I understand Delaware law has very little to do with it and I don't see how it would be relevant to this particular ruling, but I am always open to learning more as I find the topic of law quite interesting.
Federal bankruptcy law sets the substantive as well as procedural rules for bankruptcy, and its substantive provisions trump any state law, but, OTOH, state law has some role both in determining what the set of claims going in to bankruptcy are and, to the extent permitted in federal bankruptcy law, setting things like allowable personal exemptions, etc.