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The Bankruptcy Hotline

By ALM Staff | Law Journal Newsletters |
February 27, 2006

Bankruptcy Court Lacked Jurisdiction to Approve Pension Termination

The District Court for the Northern District of Illinois has ruled that a bankruptcy court lacks the jurisdiction to approve the involuntary termination of a pension plan because approval of the termination does not involve a “core proceeding” under the Bankruptcy Code. Air Line Pilots Ass'n v. Pension Benefit Guaranty Corp. (In re United Air Lines Inc.), No. 05 C 6955 (Feb 2, 2006).

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