In this bankruptcy case, the 3rd Circuit clarified that Bankruptcy Code standing is not constitutional standing (thus, not jurisdictional), and that Chapter 7 trustess can relinquish the statutory authority to pursue a claim back to a creditor. The Court then held that the creditor plaintiff had both the constitutional standing as well as the statutory authority to sue two defendants, who allegedly plundered a now-bankrupt company, which owed the creditor money.
