Haller v. Abbale (In re Abbale)
Jul
23
2012
Ruling
Creditors promised, but never issued, shares by debtor entitled to portion of proceeds of trustee's sale of debtor's existing shares.
Procedural posture
Plaintiff creditors brought an adversary proceeding seeking a determination of the extent of their interest in certain shares a limited liability company (LLC) held by the chapter 7 trustee on behalf of debtor's bankruptcy estate, and a determination of their entitlement to continued income from such shares even after the trustee sold the shares pursuant to 11 U.S.C.S. § 363.
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Court
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