Law Article: Santa Ysabel Band can't claim casino bankruptcy

"In the case of In re Santa Ysabel Resort and Casino, the Bankruptcy Court for the Southern District of California heard arguments on September 4, 2012, as to whether the alleged debtor, a tribal casino, was eligible for bankruptcy protection. The court concluded the casino was not an eligible debtor under the Bankruptcy Code.

The casino claimed that it was not a governmental unit, which is excluded as an eligible debtor for purposes of Chapter 11, but an unincorporated company. Opposing creditors and the US Trustee argued that the tribe was merely doing business as the Santa Ysabel Resort and Casino, which was an arm of the tribal government and that it had never been, and did not possess the hallmarks of, an unincorporated company."

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Tribal casino bankruptcy? Not yet (Lexology 9/5)
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