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In re M&M Mktg. LLC

In re M&M Mktg. LLC

Ruling
Creditor's claim allowed in part despite disclaimer of interest in subject assets by debtor one month before executing note.
Issue(s)
[1]-Whether a creditor's claim was unenforceable and should be disallowed under 11 U.S.C.S. § 502(b)(1) based upon an allegation that the debtor's owner had turned over all of the debtor's assets to a third party by executing a disclaimer of interest a month before he executed the promissory note.

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Commercial opinion summary, case decided on July 30, 2013 , LexisNexis #0813-079