Sanford Kreisler Bask Holdings, LLC v. Glenn H. Goldberg, T/a S. Goldberg-Cust Srg Properties No. 5, Llc, Creditors-Appellees

How courts have described this case

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

• holding that where a debtor-parent owns all of the shares of a non-debtor, the property of the non-debtor subsidiary is not property of the estate
• holding that Section 105(a) empowers the bankruptcy court to enjoin continuing litigation
• “The fact that a parent corporation has an ownership interest in a subsidiary, . . . does not give the parent any direct interest in the assets of the subsidiary.”
• “It is a fundamental precept of corporate law that each corporation is a separate legal entity with its own debts and assets, even when such corporation is wholly owned by another corporate entity.”
• automatic stay provisions do not apply to property owned by a third party

Source: CourtListener parenthetical corpus (CC0).