Does a bankruptcy court have in rem jurisdiction over a debtor's property and the disposition of that property?
MultiRegion, United States of America
The following excerpt is from In re Aegean Marine Petroleum Network Inc., Case No. 18-13374 (MEW) (Bankr. S.D.N.Y. 2019):
A bankruptcy court has in rem jurisdiction over a debtor's property and the disposition of that property. But third-party claims belong to third parties, not the estate. As a general rule, a bankruptcy court has no power to say what happens to property that belongs to a third party, even if that third party is a creditor or otherwise is a party in interest. See Callaway v. Benton, 336 U.S. 132, 136-41 (1949).
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