The authority of the bankruptcy court to redress a claim asserted by a debtor against a state regulator, under circumstances where the regulator’s collection activities allegedly caused the bankruptcy filing and the regulator obtained payment through a bankruptcy approved debtor-in-possession loan under penalty of banning the debtor form participating in the regulated industry is the focus of a recent decision by the U.S. Court of Appeals for the Fifth Circuit. Elec. Reliability Council of Tex. v. Just Energy Tex., L.P. (In re Just Energy Grp., Inc.), No. 22-20424 (5th Cir. Jan. 5, 2023).

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