Bankr. No.:
97-50297
Chapter:
7
Date of Decision:
April 1, 1999
Issue:
Whether the trustee's report before distribution would be approved where some question existed about the amount or validity of a secured claim held by the debtor's principals?
Ruling:
The party objecting to the trustee's final report and account made an adequate showing that legitimate questions existed regarding the amount or validity of a secured claim held by the debtor's principals. The Court directed the trustee to make further investigation, especially about the application of state law fraud claims through 11 U.S.C. ยง 544(b).
Full Bankruptcy Court Decision:
