Tuesday, May 26, 2015

Bear Aware/ Bankruptcy Ruling




Missoulian: Supreme Court clarifies power of bankruptcy judges
Wellness Int’l Network, Ltd. v. Sharif     
“In July 2010, the Bankruptcy Court issued a ruling finding that Sharif had violated the court’s discovery order. See App. to Pet. for Cert. 92a–120a. It accordingly denied Sharif ’s request to discharge his debts and entered a default judgment against him in the adversary proceeding. And it declared, as requested by count V of Wellness’ complaint, that the assets supposedly held by the Trust were in fact property of Sharif ’s bankruptcy estate because Sharif “treats [the Trust’s] assets as his own property.” Id., at 119a” 

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