The U.S. Bankruptcy Court has the authority to reopen a case without parties initiating adversary proceedings because it already has jurisdiction over debtors and the assets, the U.S. Court of Appeals for the Third Circuit has ruled in a precedential opinion. The appellate court's opinion reversed the U.S. District Court for the District of Delaware's decision vacating a U.S. Bankruptcy Court for the District of Delaware's order permitting a recreational vehicle retailer to exercise its option to purchase a land parcel because an adversary proceeding was not initiated.
A three-judge panel composed of Judges Anthony J. Scirica, Thomas M. Hardiman and Ruggero J. Aldisert issued the opinion in In re Lazy Days RV Center.
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