· 12/15/1999
Mishkin Ex Rel. Liquidation of the Business of Adler, Coleman Clearing Corp. v. Ensminger (In Re Adler, Coleman Clearing Corp.)
Citations
- 247 B.R. 51
- 1999 Bankr. LEXIS 1819
- 1999 WL 1613498
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- illustrating that only where a company is on its “deathbed” will a court not give the assets a going concern value
- declining to extend section 546(e)’s safe harbor protection to a party implicated in a fraudulent scheme
- imputing broker’s intent to corporation where the broker exercised control over the corporation
- \We may consider evidence uncovered after the advent of bankruptcy to determine the value of the debtor's assets at the time the alleged insolvency occurred.\
- “[W]here a company is on its deathbed, we will value its assets according to what could be obtained at a liquidation sale and not give them a going concern value.” (citation and quotation marks omitted)
- declining to grant safe harbor protection in fraudulent scheme
Source: CourtListener parenthetical corpus (CC0).
Judges: Garrity
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.