Cantu v. Stone (In the Matter of Cantu)

Summarized by Craig Geno , Law Offices of Craig M Geno, PLLC
10 years 9 months ago

Citation:

Fifth Circuit No. 14-40762

Tag(s):

5th Circuit
Bankruptcy Process and Procedure

Ruling:

The Fifth Circuit ruled that a professional negligence claim that accrued during the pendency of the debtors' Chapter 11 case was property of the Chapter 7 estate when the Chapter 11 case converted to Chapter 7.

Procedural context:

Appeal from the District Court

Facts:

During the pendency of the Debtors' Chapter 11 case, the accountant for the Debtors apparently committed malpractice. The Debtors subsequently converted to a Chapter 7 case.

Judge(s):

Benavides, Southwick and Costa

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