Can an officer of a bankrupt corporation seek an injunction against the bankrupt?
MultiRegion, United States of America
The following excerpt is from In re County Wide Garden Center, Inc., 25 BR 203 (Bankr. S.D.N.Y. 1982):
In Kelly v. Lethert, 362 F.2d 629 (8th Cir.1966) an officer of a bankrupt corporation advanced a similar argument when he said that the denial of his request for an injunction put him in the "unenviable position" of satisfying the obligation of the bankrupt, without the right to seek redress from the bankrupt. The court rejected this argument and said at p. 632:
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Can a shareholder of a bankrupt corporation bring a claim against the directors of the bankrupt corporation for damages due to their misconduct? ("New York", United States of America)
When a hearing officer disagrees with a decision made by the reviewing officer on the issues with which he disagreed with the hearing officer, how will the review officer's decision be considered? (MultiRegion, United States of America)
Is a visa officer's manager entitled to disagree with an officer's recommendation if the visa officer has not conducted an oral interview? (Canada (Federal), Canada)
Is a shareholder of a corporation entitled to use of the corporation's corporate property for personal use purposes? (Canada (Federal), Canada)
Can a hearing officer, parole officer, hearing officer and parole official be immunized from prosecution? (MultiRegion, United States of America)
Does a diversion of assigned account receivable checks from a debtor corporation to another corporation controlled by the debtor corporation constitute concealment of assets? (MultiRegion, United States of America)
Does a corporation purchasing the principal assets of another corporation assume the predecessor's liabilities? (MultiRegion, United States of America)
Is a lawsuit against a public officer in his official capacity a way of pleading against the public entity of which the officer is an agent? (MultiRegion, United States of America)
How have courts dealt with a motion for a preliminary injunction and a class action against Rockefeller Corporation? (MultiRegion, United States of America)
Can a director of a bankrupt corporation be held liable for misleading advice given by his professional adviser? (Canada (Federal), Canada)
