October Term 2023 · Docket 22-1079
Who qualifies as a party in interest in Chapter 11 bankruptcy?
The dispute centers on whether an insurer paying asbestos claims holds standing to participate in bankruptcy proceedings.
Verified source milestones
- — An official oral-argument transcript was verified.
- — An official oral-argument transcript was verified.
- — An official Court opinion was verified.
The arguments, in order
This case may have been argued more than once. Each entry below uses that session's official transcript. Later arguments do not erase earlier ones.
Argument 1 ·
What happened at the argument
Mr. Yang argued both counterparties and creditors are parties in interest.
Ms. Ho stated the insurer will pay virtually every dollar owed to claimants.
Mr. Marshall defined a party in interest as someone with a legal interest in the estate.
Justice Kagan asked how the at-the-outset rule fits with Article III requirements.
Read the official transcript for this argument · Official argument details
Sources used for this argument breakdown
- Official Supreme Court Transcript — file page 10, lines 33-49 — Transcript, file page 10, lines 33-49
- Official Supreme Court Transcript — file page 11, lines 39-41 — Transcript, file page 11, lines 39-41
- Official Supreme Court Transcript — file page 11, lines 45-11 — Transcript, file page 11, lines 45-11
- Official Supreme Court Transcript — file page 11, lines 9-25 — Transcript, file page 11, lines 9-25
- Official Supreme Court Transcript — file page 12, lines 47-51 — Transcript, file page 12, lines 47-51
- Official Supreme Court Transcript — file page 12, lines 55-31 — Transcript, file page 12, lines 55-31
- Official Supreme Court Transcript — file page 13, lines 53-1 — Transcript, file page 13, lines 53-1
- Official Supreme Court Transcript — file page 15, lines 11-11 — Transcript, file page 15, lines 11-11
- Official Supreme Court Transcript — file page 26, lines 43-47 — Transcript, file page 26, lines 43-47
- Official Supreme Court Transcript — file page 41, lines 43-31 — Transcript, file page 41, lines 43-31
- Official Supreme Court Transcript — file page 5, lines 11-21 — Transcript, file page 5, lines 11-21
- Official Supreme Court Transcript — file page 5, lines 23-7 — Transcript, file page 5, lines 23-7
- Official Supreme Court Transcript — file page 64, lines 21-21 — Transcript, file page 64, lines 21-21
- Official Supreme Court Transcript — file page 69, lines 49-11 — Transcript, file page 69, lines 49-11
- Official Supreme Court Transcript — file page 7, lines 31-39 — Transcript, file page 7, lines 31-39
- Official Supreme Court Transcript — file page 7, lines 9-13 — Transcript, file page 7, lines 9-13
- Official Supreme Court Transcript — file page 70, lines 39-13 — Transcript, file page 70, lines 39-13
- Official Supreme Court Transcript — file page 71, lines 27-33 — Transcript, file page 71, lines 27-33
- Official Supreme Court Transcript — file page 72, lines 25-37 — Transcript, file page 72, lines 25-37
- Official Supreme Court Transcript — file page 72, lines 49-23 — Transcript, file page 72, lines 49-23
- Official Supreme Court Transcript — file page 73, lines 27-29 — Transcript, file page 73, lines 27-29
- Official Supreme Court Transcript — file page 73, lines 37-41 — Transcript, file page 73, lines 37-41
- Official Supreme Court Transcript — file page 73, lines 49-51 — Transcript, file page 73, lines 49-51
- Official Supreme Court Transcript — file page 74, lines 31-37 — Transcript, file page 74, lines 31-37
- Official Supreme Court Transcript — file page 74, lines 43-45 — Transcript, file page 74, lines 43-45
- Official Supreme Court Transcript — file page 74, lines 53-53 — Transcript, file page 74, lines 53-53
- Official Supreme Court Transcript — file page 76, lines 29-33 — Transcript, file page 76, lines 29-33
- Official Supreme Court Transcript — file page 78, lines 25-27 — Transcript, file page 78, lines 25-27
- Official Supreme Court Transcript — file page 8, lines 29-29 — Transcript, file page 8, lines 29-29
- Official Supreme Court Transcript — file page 8, lines 33-25 — Transcript, file page 8, lines 33-25
- Official Supreme Court Transcript — file page 84, lines 25-41 — Transcript, file page 84, lines 25-41
- Official Supreme Court Transcript — file page 85, lines 49-51 — Transcript, file page 85, lines 49-51
A citizen's guide to the whole case
What this case is about
This case tests the definition of a party in interest under bankruptcy law. The core conflict involves standing to appear in court.
Official sources for this section
- Official Supreme Court Transcript — file page 26, lines 43-47 — Transcript, file page 26, lines 43-47
- Official Supreme Court Transcript — file page 41, lines 43-31 — Transcript, file page 41, lines 43-31
- Official Supreme Court Transcript — file page 5, lines 23-7 — Transcript, file page 5, lines 23-7
- Official Supreme Court Transcript — file page 64, lines 21-21 — Transcript, file page 64, lines 21-21
- Official Supreme Court Transcript — file page 69, lines 49-11 — Transcript, file page 69, lines 49-11
- Official Supreme Court Transcript — file page 84, lines 25-41 — Transcript, file page 84, lines 25-41
How the case got here
The Supreme Court heard oral argument in this case on March 19, 2024.
Official sources for this section
- Official Supreme Court Transcript — file page 5, lines 11-21 — Transcript, file page 5, lines 11-21
- Official Supreme Court Transcript — file page 85, lines 49-51 — Transcript, file page 85, lines 49-51
What each side wants
Truck Insurance Exchange wants the right to appear and be heard in the bankruptcy case.
Kaiser Gypsum wants to limit participation to those with direct legal interests in the estate.
Official sources for this section
- Official Supreme Court Transcript — file page 26, lines 43-47 — Transcript, file page 26, lines 43-47
- Official Supreme Court Transcript — file page 41, lines 43-31 — Transcript, file page 41, lines 43-31
- Official Supreme Court Transcript — file page 5, lines 23-7 — Transcript, file page 5, lines 23-7
- Official Supreme Court Transcript — file page 64, lines 21-21 — Transcript, file page 64, lines 21-21
- Official Supreme Court Transcript — file page 69, lines 49-11 — Transcript, file page 69, lines 49-11
- Official Supreme Court Transcript — file page 84, lines 25-41 — Transcript, file page 84, lines 25-41
What each side says
Truck argues it is a party in interest because it will pay nearly all asbestos claims.
Kaiser argues a party in interest must have a legal interest in the debtor's property.
Official sources for this section
- Official Supreme Court Transcript — file page 26, lines 43-47 — Transcript, file page 26, lines 43-47
- Official Supreme Court Transcript — file page 41, lines 43-31 — Transcript, file page 41, lines 43-31
- Official Supreme Court Transcript — file page 5, lines 23-7 — Transcript, file page 5, lines 23-7
- Official Supreme Court Transcript — file page 64, lines 21-21 — Transcript, file page 64, lines 21-21
- Official Supreme Court Transcript — file page 69, lines 49-11 — Transcript, file page 69, lines 49-11
- Official Supreme Court Transcript — file page 84, lines 25-41 — Transcript, file page 84, lines 25-41
What the justices asked
Justice Sotomayor asked a clarifying question about the legal standard.
Chief Justice Roberts questioned whether Article III standing requires a specific injury to the party itself rather than general dispute resolution among others.
Official sources for this section
- Official Supreme Court Transcript — file page 10, lines 33-49 — Transcript, file page 10, lines 33-49
- Official Supreme Court Transcript — file page 11, lines 39-41 — Transcript, file page 11, lines 39-41
- Official Supreme Court Transcript — file page 11, lines 45-11 — Transcript, file page 11, lines 45-11
- Official Supreme Court Transcript — file page 11, lines 9-25 — Transcript, file page 11, lines 9-25
- Official Supreme Court Transcript — file page 12, lines 47-51 — Transcript, file page 12, lines 47-51
- Official Supreme Court Transcript — file page 12, lines 55-31 — Transcript, file page 12, lines 55-31
- Official Supreme Court Transcript — file page 13, lines 53-1 — Transcript, file page 13, lines 53-1
- Official Supreme Court Transcript — file page 15, lines 11-11 — Transcript, file page 15, lines 11-11
- Official Supreme Court Transcript — file page 7, lines 31-39 — Transcript, file page 7, lines 31-39
- Official Supreme Court Transcript — file page 7, lines 9-13 — Transcript, file page 7, lines 9-13
- Official Supreme Court Transcript — file page 70, lines 39-13 — Transcript, file page 70, lines 39-13
- Official Supreme Court Transcript — file page 71, lines 27-33 — Transcript, file page 71, lines 27-33
- Official Supreme Court Transcript — file page 72, lines 25-37 — Transcript, file page 72, lines 25-37
- Official Supreme Court Transcript — file page 72, lines 49-23 — Transcript, file page 72, lines 49-23
- Official Supreme Court Transcript — file page 73, lines 27-29 — Transcript, file page 73, lines 27-29
- Official Supreme Court Transcript — file page 73, lines 37-41 — Transcript, file page 73, lines 37-41
- Official Supreme Court Transcript — file page 73, lines 49-51 — Transcript, file page 73, lines 49-51
- Official Supreme Court Transcript — file page 74, lines 31-37 — Transcript, file page 74, lines 31-37
- Official Supreme Court Transcript — file page 74, lines 43-45 — Transcript, file page 74, lines 43-45
- Official Supreme Court Transcript — file page 74, lines 53-53 — Transcript, file page 74, lines 53-53
- Official Supreme Court Transcript — file page 76, lines 29-33 — Transcript, file page 76, lines 29-33
- Official Supreme Court Transcript — file page 78, lines 25-27 — Transcript, file page 78, lines 25-27
- Official Supreme Court Transcript — file page 8, lines 29-29 — Transcript, file page 8, lines 29-29
- Official Supreme Court Transcript — file page 8, lines 33-25 — Transcript, file page 8, lines 33-25
Why it matters
This case defines who can participate in bankruptcy proceedings. It determines the scope of standing for third-party payors. It affects the rights of insurers in asbestos litigation.
Official sources for this section
- Official Supreme Court Transcript — file page 26, lines 43-47 — Transcript, file page 26, lines 43-47
- Official Supreme Court Transcript — file page 41, lines 43-31 — Transcript, file page 41, lines 43-31
- Official Supreme Court Transcript — file page 5, lines 23-7 — Transcript, file page 5, lines 23-7
- Official Supreme Court Transcript — file page 64, lines 21-21 — Transcript, file page 64, lines 21-21
- Official Supreme Court Transcript — file page 69, lines 49-11 — Transcript, file page 69, lines 49-11
- Official Supreme Court Transcript — file page 84, lines 25-41 — Transcript, file page 84, lines 25-41
What happens next
This article currently covers the argument record. Use the official docket link for later case activity.
Official sources for this section
- Official Supreme Court Transcript — file page 10, lines 33-49 — Transcript, file page 10, lines 33-49
- Official Supreme Court Transcript — file page 11, lines 39-41 — Transcript, file page 11, lines 39-41
- Official Supreme Court Transcript — file page 11, lines 45-11 — Transcript, file page 11, lines 45-11
- Official Supreme Court Transcript — file page 11, lines 9-25 — Transcript, file page 11, lines 9-25
- Official Supreme Court Transcript — file page 12, lines 47-51 — Transcript, file page 12, lines 47-51
- Official Supreme Court Transcript — file page 12, lines 55-31 — Transcript, file page 12, lines 55-31
- Official Supreme Court Transcript — file page 13, lines 53-1 — Transcript, file page 13, lines 53-1
- Official Supreme Court Transcript — file page 15, lines 11-11 — Transcript, file page 15, lines 11-11
- Official Supreme Court Transcript — file page 5, lines 11-21 — Transcript, file page 5, lines 11-21
- Official Supreme Court Transcript — file page 7, lines 31-39 — Transcript, file page 7, lines 31-39
- Official Supreme Court Transcript — file page 7, lines 9-13 — Transcript, file page 7, lines 9-13
- Official Supreme Court Transcript — file page 70, lines 39-13 — Transcript, file page 70, lines 39-13
- Official Supreme Court Transcript — file page 71, lines 27-33 — Transcript, file page 71, lines 27-33
- Official Supreme Court Transcript — file page 72, lines 25-37 — Transcript, file page 72, lines 25-37
- Official Supreme Court Transcript — file page 72, lines 49-23 — Transcript, file page 72, lines 49-23
- Official Supreme Court Transcript — file page 73, lines 27-29 — Transcript, file page 73, lines 27-29
- Official Supreme Court Transcript — file page 73, lines 37-41 — Transcript, file page 73, lines 37-41
- Official Supreme Court Transcript — file page 73, lines 49-51 — Transcript, file page 73, lines 49-51
- Official Supreme Court Transcript — file page 74, lines 31-37 — Transcript, file page 74, lines 31-37
- Official Supreme Court Transcript — file page 74, lines 43-45 — Transcript, file page 74, lines 43-45
- Official Supreme Court Transcript — file page 74, lines 53-53 — Transcript, file page 74, lines 53-53
- Official Supreme Court Transcript — file page 76, lines 29-33 — Transcript, file page 76, lines 29-33
- Official Supreme Court Transcript — file page 78, lines 25-27 — Transcript, file page 78, lines 25-27
- Official Supreme Court Transcript — file page 8, lines 29-29 — Transcript, file page 8, lines 29-29
- Official Supreme Court Transcript — file page 8, lines 33-25 — Transcript, file page 8, lines 33-25
- Official Supreme Court Transcript — file page 85, lines 49-51 — Transcript, file page 85, lines 49-51
Official Court provenance
Official docket and case history · Official Supreme Court oral-argument detail page
Verified official opinions and orders
Title and summary sources
- Official Supreme Court Transcript — file page 26, lines 43-47 — Transcript, file page 26, lines 43-47
- Official Supreme Court Transcript — file page 41, lines 43-31 — Transcript, file page 41, lines 43-31
- Official Supreme Court Transcript — file page 5, lines 23-7 — Transcript, file page 5, lines 23-7
- Official Supreme Court Transcript — file page 64, lines 21-21 — Transcript, file page 64, lines 21-21
- Official Supreme Court Transcript — file page 69, lines 49-11 — Transcript, file page 69, lines 49-11
- Official Supreme Court Transcript — file page 84, lines 25-41 — Transcript, file page 84, lines 25-41
- Official Supreme Court Transcript — file page 26, lines 43-47 — Transcript, file page 26, lines 43-47
- Official Supreme Court Transcript — file page 41, lines 43-31 — Transcript, file page 41, lines 43-31
- Official Supreme Court Transcript — file page 5, lines 23-7 — Transcript, file page 5, lines 23-7
- Official Supreme Court Transcript — file page 64, lines 21-21 — Transcript, file page 64, lines 21-21
- Official Supreme Court Transcript — file page 69, lines 49-11 — Transcript, file page 69, lines 49-11
- Official Supreme Court Transcript — file page 84, lines 25-41 — Transcript, file page 84, lines 25-41
Revision history
- Revision 1 · Post Opinion ·
Correction: Rewritten to the concise citizen-facing editorial standard.
- Revision 2 · Post Opinion ·
Correction: Migrated to the dated official Court activity contract without model use.