Bankruptcy
Jul. 21, 2005
Professionals Learn From 'Movitz' That Disclosure Rules Always Rule
Focus Column - Bankruptcy Law - By Mette H. Kurth and Anastasia Jones - On April 28, the Bankruptcy Appellate Panel for the 9th U.S. Circuit Court of Appeals issued an opinion holding that any professional subject to a "facially plausible" preference claim - no matter how small the amount at issue - may be ineligible for employment or compensation by the debtor's bankruptcy estate unless the Bankruptcy Court first determines that the claim is without merit or the payment is first returned.
Focus Column
Bankruptcy Law
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