# kaal:claim:2348463-011

**Claim.** The growing number of conflicting decisions under old Rule 2019, and the confusion and uncertainty they produced, is what precipitated the concerted effort by bankruptcy practitioners and the federal bankruptcy bench to revise the rule.

**Type.** mechanism  **Support.** argued

**Holds when.**

- United States bankruptcy practice in the late 2000s

**Source quote.**

> The growing number of conflicting cases and the resulting confusion and uncertainty precipitated a concerted effort by bankruptcy practitioners and the federal bankruptcy bench to revise old Rule 2019.

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), I. BANKRUPTCY DISCLOSURES, page 9

**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

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

**Keywords.** bankruptcy-rule-2019, rulemaking, legal-uncertainty, reform-drivers

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