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Law of the Chicken

posted by Bob Lawless

A headline from last Friday's BNA's Bankruptcy Law Reporter, which reports recent cases and other legal developments, caught my eye:

Poultry Farmers Can't Rely on Promissory Estoppel Theory;
Proofs of Claim Denied

That seems like a pretty harsh rule for poultry farmers. I wonder whether it is some sort of corollary to the "widows and orphans rule" -- poultry farmers always lose. Ever since Schechter Poultry was effectively overruled, poultry farmers can't seem to catch a break in the federal courts.

January 9, 2012 at 12:07 PM in Bankruptcy Generally

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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless ([email protected]) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

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