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Judicial Estoppel & Bankruptcy Disclosures: A Holistic Review Required

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An accurate accounting of a debtor’s interests—including a debtor’s legal claims against third-parties both present and prospective—are key to a healthy and, in the word of Justice Jackson, “orderly” bankruptcy system. But what happens when a party fails to disclose such a legal claim in the bankruptcy proceedings yet later pursues it?…
By: Venable LLP
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