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McLain v. Newhouse (In re McLain)

Ruling
Possible use of undisclosed, prepetition funds to pay life insurance premium might entitle trustee to pro-rata share of proceeds.
Procedural posture

Appellant was the trustee for debtor's bankruptcy estate. Appellees were debtor and his siblings. The trustee appealed from a decision of the District Court for the Northern District of Texas, which determined that the trustee failed to raise a genuine issue of material fact as to whether debtor used undisclosed pre-petition funds to make the first premium payment on a term life insurance policy.

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on February 01, 2008 , LexisNexis #0208-096