This week on The Broke and the Beautiful, two Florida sports teams are feeling the heat from Scott Rothstein’s bankruptcy trustee. Also, Lenny “Nails” Dykstra motors into a plea deal, and British band UB40 is declared bankrupt.
The possibility for fraud exists within the system of trusts set up by bankruptcy courts to deal with asbestos personal injury claims, although claims were down slightly in 2010 compared to the prior year, according to a new government report.
So you want to sue a bankruptcy trustee? First get in line. Next, come to the realization that it might not be quite as easy as you’d think. Before a trustee can be sued for actions that fall within their official duties of administering the bankruptcy estate, the plaintiff must seek permission from the trustee’s [...]
