Michigan Bankruptcy Blog
- Posts by Thomas K. Dillon
ShareholderTom Dillon is a member of the Business and Tax Practice Group and his work primarily involves complex property tax litigation involving a wide range of properties, including power plants, mines, and large industrial and commercial ...
Posted by: Thomas K. Dillon
On June 26, 2017, the Supreme Court granted certiorari in PEM Entities v. Levin to decide whether bankruptcy courts should apply a federal multi-factor test or an underlying state law when deciding whether to re-characterize a debt claim as equity. The Court’s decision to grant cert in this case should resolve a circuit split and clarify the law as it relates to re-characterizing corporate debt as equity.
