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In re Fatsis

In re Fatsis

Ruling
Debtor sanctioned in amount received in unauthorized transfer of nonexempt stock.
Procedural posture

After the debtor failed to make plan payments in a timely manner, his chapter 13 case was converted to a chapter 7 case. After the chapter 7 trustee learned at the 11 U.S.C.S. § 341 meeting that the debtor had transferred nonexempt stock without notice or authorization, he moved to hold the debtor in contempt for violation of the confirmation order and for sanctions. The debtor objected to the motion. The court held an evidentiary hearing.

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Consumer opinion summary, case decided on November 14, 2008 , LexisNexis #1208-132