The Supreme Court will decide this fall whether secured creditors or owners of insolvent companies get the edge in corporate bankruptcies.

At issue is whether creditors must be repaid before equity holders, a basic tenet of bankruptcy codified by Congress in what is known as the absolute priority rule.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.