# kaal:claim:2348463-010

**Claim.** Old Bankruptcy Rule 2019 was applied inconsistently in practice, with courts interpreting it with a high degree of variability both across and within jurisdictions.

**Type.** failure  **Support.** evidenced

**Holds when.**

- period before the 2011 revision of Rule 2019

**Source quote.**

> Old Rule 2019 had been applied inconsistently in practice. Courts interpreted old Rule 2019 with a high degree of variability, both across and within jurisdictions.

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), I. BANKRUPTCY DISCLOSURES, page 8

**Cite as.** Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013). SSRN: https://ssrn.com/abstract=2348463

**Verify.** sha256 of source PDF `b3682f24c0b277b3307fb9f54cd17a4e0a87b48eecba34b40e189212f20c9a22` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Hedge%20Funds%E2%80%99%20Systemic%20Risk%20Disclosures%20in%20Bankruptcy.pdf

**Failure mode.** inconsistent judicial application of old Rule 2019  (family: enforcement-gap)

**Topics.** systemic-risk, law-and-legal-systems

**Keywords.** bankruptcy-rule-2019, judicial-inconsistency, ad-hoc-committees, legal-uncertainty

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