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In re Home Casual LLC

In re Home Casual LLC

Ruling
Creditors granted derivative standing to pursue avoidance claims against children of debtor's 50 percent owner.
Issue(s)
Whether to grant factories, which were creditors of debtor (an outdoor furniture supplier), derivative standing to pursue claims under 11 U.S.C.S. §§ 544, 547, 548, and 550 and under Wis. Stat. §§ 242.04 and 242.05 against the children of debtor's 50 percent owner for salaries paid to them.

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Commercial opinion summary, case decided on May 19, 2015 , LexisNexis #0615-091