Creditor of a Bankrupt Corporation May Pursue Shareholders Under Alter Ego Theory
P sued D corporation in a collection action, and named its individual shareholder as a defendant based on a alter ego theory. When the corporation filed for bankruptcy, P dismissed the corporation and proceeded to obtain judgment againt the shareholder. Held: since defendant corporation never claimed it owned the alter ego causes of action against the shareholder, therefore, P's claims were not property of the bankruptcy estate and not subject to the automatic stay.
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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.
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