In Re Capital Acquisitions & Management Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that the right of first refusal was not an unenforceable ipso facto provision because it was not triggered by the debtor’s bankruptcy filing
• Trustee “took [Debtor’s] property rights as it found them on the date of the petition. [Debtor’s] interest in [the LLC] is subject to this right of first refusal, and that is how the [Trustee] must sell it”
• Trustee “took [Debtor’s] property rights as it found them on the date of the petition. [Debtor’s] interest in [the LLC] is subject to this right of first refusal, and that is how the [Trustee] must sell it”

Source: CourtListener parenthetical corpus (CC0).