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Home / Opinion Digests / Bankruptcy – Cell Phone Business – Asset Transfer (access required)

Bankruptcy – Cell Phone Business – Asset Transfer (access required)

Given the “bizarre ways” in which the family that operated debtor business lent money to each other, a Richmond U.S. District Court says it’s “plausible” that appellant family member and debtor understood that they had an open, rolling account of indebtedness and not a loan by loan, transaction-specific arrangement, so the bankruptcy court did not ...

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