Doubet LLC v. Palermo (In re Palermo)
Jul
09
2007
Ruling
Debtor who engaged in complex transactions among shell entities in hindrance of creditors denied discharge on grounds of fraud.
Procedural posture
Plaintiff judgment creditor brought an adversary proceeding against defendant bankruptcy debtor, seeking a determination that the debtor was not entitled to a discharge based on the debtor's fraud, inadequate records, and failure to explain the loss of assets under 11 U.S.C. § 727(a)(2), (3) and (5). The bankruptcy court conducted a trial.
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Court
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