In Re Freedom Solar Center, Inc., Debtor. Paulette P. Parker, Trustee v. Robert G. Frazier

How courts have described this case

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

• noting shareholder interest “in delaying the turnover of the assets [in order] to use his possession of them as a negotiating chip, while the debtor’s interest was in cooperating with the trustee to achieve the swiftest resolution possible”
• Chapter 7 case discussing interests of debtor and its principal and holding that when their interests diverge counsel may not represent both
• “Federal law imposes duties on the debtor. In a given case these duties can become onerous and complicated, necessitating truly independent counsel.”
• “Federal law imposes duties on the debtor. In a given case these duties can become onerous and complicated, necessitating truly independent counsel.”
• “debtor’s counsel may not also represent the debtor’s sole shareholder when that shareholder is attempting to purchase some of debtor’s assets and may be liable for preferential transfers.”
• Shareholder was a potential purchaser of debtor in possession’s assets

Source: CourtListener parenthetical corpus (CC0).