Robert Marrama filed for Chapter 7 bankruptcy. In his petition, he did not disclose a vacation home
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Robert Marrama filed for Chapter 7 bankruptcy. In his petition, he did not disclose a vacation home that he had placed in trust. When Marrama discovered that the case trustee was going to take the vacation property as an estate asset, Marrama decided to convert his case to Chapter 13, which would allow him to keep the property and pay his debts over time. The bankruptcy court held that the failure to disclose the vacation home demonstrated bad faith by the debtor and refused to allow the conversion to Chapter 13. Do you agree with the bankruptcy court? Why or why not? Marrama v. Citizens Bank, 05-996 U.S. Supreme Court.
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Business Law With UCC Applications
ISBN: 9780073524955
13th Edition
Authors: Gordon Brown, Paul Sukys
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