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John Stockdale, Jr. Obtains Dismissal of Nondischargeability Lawsuit

January, 2013

An equipment creditor sought to deny a debtor-business owner a chapter 7 discharge on the basis that the Debtor undervalued several business interests in his bankruptcy petition. The creditor claimed that the alleged under-valuations were fraudulent statements made in connection with the bankruptcy case. Mr. Stockdale, who has significant bankruptcy and valuation experience, vigorously fought the creditor, including filing a motion to dismiss the complaint. As a result of Mr. Stockdale's efforts, the creditor agreed to voluntarily dismiss its nondischargeability lawsuit against the debtor.