Chapter 11 Bad Faith - Great Quote from the 9th Cir BAP
Posted: Fri Jan 09, 2015 1:06 pm
Fantastic!
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600
Los Angeles, CA 90067
T (310) 553-2600
F (310) 553-2601
*By State Bar of California Board of Legal Specialization
**For a quicker response, email me at holly@roarklawoffices.com.
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On Thu, Jan 8, 2015 at 11:29 AM, jhayes@hayesbklaw.com [cdcbaa] wrote:
>
>
> "Many are the judgment creditors who gnash their teeth (metaphorical or
> otherwise) in chagrin when their collection campaign is stayed by a
> bankruptcy filing. Only slightly less frequent are the immediate
> post-filing threats that no quarter will be given. Such jeremiads,
> however, are not a sufficient basis for a universal conclusion of plan
> futility. And they certainly do not unequivocally establish the debtor> bad faith. Economic considerations and rationality often result in
> resolution."
>
> In re Sullivan, ---BR ---, (9th Cir BAP, Dec 2014)
>
> In Sullivan, the bankruptcy court dismissed the filing as a two party
> dispute with no hope of ever getting a plan confirmed. The BAP reversed.
> Bankruptcy attorney Sean O'Keefe gets credit for the great work.
>
>
>
>
Fantastic!
The post was migrated from Yahoo.