Bankr. No.:
91-50191
Chapter:
7
Date of Decision:
June 12, 1992
Issue:
Whether Debtors' filing of an objection to a settlement they made with creditor-bank and two subsequent motions to reconsider the order approving the settlement were sanctionable under F.R.Bankr.P. 9011?
Ruling:
Debtors' objection to the settlement and their first motion to reconsider were sanctionable because neither was well-grounded in fact or law. Debtors' counsel was sanctioned via a public reprimand. Debtors were not sanctioned because the case had already been converted to a Chapter 7
Full Bankruptcy Court Decision:
