Bankruptcy Sec. 523(a)(19) Prevents Dischargeability of Person Culpable of Securities Violations
The Securities and Exchange Commission (SEC) brought action against a lawyer to disgorge $580K in attorney's fees he received from trust funds, because they had not been earned. Attorney filed for bankruptcy. SEC brought action under Section 523(a)(19) to determine debt nondischargeable. Held: Because the lawyer was not culpable of securities violations that caused the debt, Section 523(a)(19) will not apply to him.
Contributor
About
I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.
I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.
MCLE Sales
Categories
- Articles 303
- Bankruptcy 44
- Business 130
- Cases & Codes 68
- Contracts 27
- Criminal Law 106
- Employment 23
- Expert Reports 3
- Expert Witness 36
- Family Law 45
- Form Letters 14
- Immigration 3
- Intellectual Prop 32
- Internet Law 9
- Law Practice 96
- Law School 1
- Legal Research 14
- Litigation 186
- Miscellaneous 63
- PR Web 41693
- Personal Injury 598
- Press Release 826
- Probate 55
- Real Estate 69
- Tax Law 23
- Workers Comp 1