High Court Won’t Hear Bank’s Arbitration Offer Ch. 7 Debt

By Vince Sullivan (March 8, 2021, 10:48 AM EST) – The United States Supreme Court on Monday refused to hear an appeal by Synchrony Bank of a lower court ruling finding that federal arbitration law is in conflict with the federal bankruptcy code in a case involving Chapter 7 debtors with unpaid credit card bills.

Rejecting a writ of certiorari sought by Synchrony’s predecessor, GE Capital Retail Bank, the High Court dealt a blow to the lender’s case over the Second Circuit’s ruling finding that the Bankruptcy Code discharge provisions found at section 542 conflict with the mandatory arbitrability provisions. which are backed by Federal Arbitration…

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