- 11 U.S.C.
Winget v. JP Morgan Chase Bank
Aug
11
2008
Ruling
Issue of alleged devaluation of assets prior to bankruptcy sale should have been raised before bankruptcy court.
Procedural posture
Plaintiffs, an individual and a trust, sued defendants, banks and lenders, alleging breach of the guaranty and pledge agreements and requested declaratory judgment. The District Court for the Eastern District of Michigan dismissed the complaint on the grounds it was barred by res judicata and premature with regard to future attempts to repossess collateral. Plaintiffs appealed.
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Court
:
Judge or Jurisdiction information not available