Jul. 31, 2013
The bankruptcy trap in civil litigation
Failure to disclose a pending or potential civil action can be drastic for a debtor/plaintiff and result in the ultimate sanction - involuntary dismissal. By Craig A. Roeb and Lauren A. Kadish
Craig A. Roeb
Partner
Chapman, Glucksman, Dean, Roeb & Barger APC
11900 W Olympic Blvd
Los Angeles , CA 90064
Email: croeb@cgdrblaw.com
Loyola Law School; Los Angeles CA
Bankruptcy remains a sanctuary for individuals or businesses whose assets are threatened by pending litigation or judgments. However, an individual or entity filing a petition for bankruptcy protection is required by law to disclose any and all pending litigation or judgments, as well as potential claims against third parties, in order to provide creditors with a true and accurate picture of the debtor's estate. When pote...
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