- 11 U.S.C.
Geron v. Fontana (In re Thelen LLP)
Nov
20
2014
Ruling
Former partners of debtor law firm were liable to the estate for advances received in excess of their final allowable share of net income.
Issue(s)
The right of defendants to retain draws that were paid as advances against partnership income and, because of the dissolution of the firm or other reasons, exceeded the partners' Allocable Share of Net Income (ASNI) for the calendar year 2008 (or relevant portion thereof).
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Court
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