- 11 U.S.C.
Hanrahan v. Walterman (In re Walterman Implement Inc.)
May
22
2006
Ruling
President and sole shareholder of debtor corporation violated automatic stay by postpetition revoking debtor's subchapter S status since that status was estate property.
Procedural posture
Plaintiff chapter 7 trustee filed an action against defendant, the president and sole shareholder of debtor corporation, pursuant to 11 U.S.C. § 549 alleging that defendant revoked the debtor's subchapter S election in violation of the automatic stay. The trustee moved for summary judgment.
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Court
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