It is often said that bankruptcy courts are “courts of equity.” But what does that really mean? This panel will discuss the role of bankruptcy courts, and the extent bankruptcy courts should use equity to facilitate pragmatic solutions in consumer and corporate bankruptcy cases. Are judges deviating from the Bankruptcy Code to achieve equitable results or just trying to fill in gaps in the Code? The panel will also explore whether the Bankruptcy Code should be construed applying textualism or purposivism, or both, considering recent Supreme Court and Fifth Circuit cases.