Civil – Bankruptcy
Baldi v. Samuel Son & Company, Ltd., Nos. 08-1022 & 08-1136 Cons. (11/24/08). Appeal, N.D. Ill. E. Div. Aff’d.
Dist. Ct. did not err in denying Trustee’s request to recover several payments that debtor had made within four years prior to declaring bankruptcy. While Trustee attempted to establish dates of debtor’s insolvency as time between beginning and end of start-up entity, Trustee failed to show that debtor was insolvent at time start-up was formed. Moreover, Trustee improperly failed to discount certain contingent liabilities when valuing start-up company.
Related Posts
![](https://leederslaw.com/wp-content/themes/lawyer-landing-page-pro/images/fallback/lawyer-landing-page-blog.png)
Chicago Cubs, Now the Dallas Stars file bankruptcy
![](https://leederslaw.com/wp-content/themes/lawyer-landing-page-pro/images/fallback/lawyer-landing-page-blog.png)
New Illinois Bankruptcy caselaw
![](https://leederslaw.com/wp-content/themes/lawyer-landing-page-pro/images/fallback/lawyer-landing-page-blog.png)
New Northern District of Illinois – Bankruptcy Court Procedures -Covid 19/Coronavirus
![Wheeling, IL Bankruptcy attorney](https://leederslaw.com/wp-content/uploads/2023/05/Wheeling-361x250.png)
Finding Relief with Bankruptcy in Wheeling IL
![Credit Card Debt Too High #CreditCardDebt #Chapter7Bankruptcy #EliminateDebt #broke](https://leederslaw.com/wp-content/uploads/2017/10/bankrupcyPic2.jpg)
Could we see a shift to No Money Down Chapter 7 bankruptcy cases?
![Discharge chicago tickets with chapter 7 bankrutpcy](https://leederslaw.com/wp-content/uploads/2019/02/tickets-361x250.jpg)