Central District Consumer Bankruptcy Attorney's Association

David,

Thanks for your help. So, as the buyer the only leverage is the language of
the shareholders agreement. Not much but better than nothing.


David
David,

Thanks for your help. So, as the buyer the only leverage is the language of
the shareholders agreement. Not much but better than nothing.


David

The post was migrated from Yahoo.

That is what I thought. What about my client's(buyer) right of first
refusal ? Is that enforceable against the Tee?


Thanks,


David Candaux
That is what I thought. What about my client's(buyer) right of first
refusal ? Is that enforceable against the Tee?


Thanks,


David Candaux

The post was migrated from Yahoo.

50% shareholder in corporation files Chap 7 in 03 and obtains
discharge. She does not list shares of stock as assett and trustee is
unaware of the existence of the stock. Now the other 50% shareholder
wishes to buy the stock. There exists an agreement between them giving
the shareholders a right of first refusal to purchase.
If the assett has not been administered then how does client obtain
stock or must this be reported to Trustee for administration? Of
course the business is worth substantially more now than in 03 so if
administered will the price to purchase be current fmv or 03 prices?
Purchasing shareholder was unaware that her co owner's filed bankruptcy
and only became aware recently in the purchase/sale discussions.

Judge is Zurzolo don't know yet who tee is.
David

The post was migrated from Yahoo.