Bank. Meridian v. Ultra Holdings LLC (In re Earth Structures Inc.)
Oct
27
2010
Ruling
Confirmation did not bar creditor bank's motion for summary judgment in action against debtor and guarantor.
Procedural posture
Plaintiff bank filed an action in the Spartanburg County Court of Common Pleas (South Carolina), alleging that defendants, a corporation, two individuals who had ownership interests in the corporation, and others, owed the bank money. The case was removed to the bankruptcy court after the corporation declared Chapter 11 bankruptcy, and the bankruptcy court retained jurisdiction over some of the bank's claims.
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Court
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