Bankruptcy Court Allowed to Rule Claim Late, Tenth Circuit Says

A bankruptcy court didn’t abuse its discretion when it decided that a tardy claim by a major creditor was untimely, the Tenth Circuit said, reversing a district court.

The bankruptcy court “made a reasonable and a permissible choice between competing equitable considerations” when concluding that the two-day-late filing was untimely, the US Court of Appeals for the Tenth Circuit said Thursday. “It therefore did not abuse its discretion,” Judge Scott M. Matheson Jr. wrote for the court.

The Tenth Circuit reversed the US District Court for the Western District of Oklahoma’s decision, which itself had reversed the bankruptcy court.

Falcon ...