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Bankruptcy trustee can collect undisclosed judgment (access required)

Published: August 16, 2011

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A bankruptcy trustee could collect a $1 million employment award that the debtor failed to disclose as an asset, the en banc 5th Circuit has ruled. The decision overturns a contrary panel ruling. (See “Bankruptcy trustee can’t collect FMLA award,” Lawyers USA, Sept. 22, 2010.) Before he filed for bankruptcy, a jury awarded the debtor $1 million ...
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