Philadelphia and Wilmington partner Andrew Kassner and associate Joe Argentina published an article titled, “Court Determines That Education Has Value,” in The Legal Intelligencer. The article examines the United States Bankruptcy Court for the District of Massachusetts’ opinion in the case of In re Palladino.
The questions raised in the court’s opinion included: when parents pay for the college education of their adult child, do they receive anything of value? Additionally, does it matter if the parents happen to be convicted Ponzi scheme felons who, at the time they paid the tuition, had been engaged in perpetrating the Ponzi scheme?
Andy and Joe examine the court’s reasoning in this case, which they say “presents yet another example where a bankruptcy court was confronted with reconciling bankruptcy law and policy issues with other societal considerations.”