Shulman Hodges & Bastian LLP
949-340-3400|949-427-1654

Our trustee clients as well as our creditor clients should keep in mind that alter ego claims are only property of the bankruptcy estate if there is a generalized injury to the debtor corporation and all of its creditors. See, In re Advanced Packaging & Prods. Co., 426 B.R. 806, 818-819 (C.D. Cal. 2010). "Under California law, a corporation in bankruptcy may pierce its own veil to seek recovery for its creditors if equity so demands." Id. at 818. If, however, the injury is a particularized injury to a particular creditor and no other claimant or creditor has an interest in the cause, the claim does not become property of the bankruptcy estate. Id. at 819.

No Comments

Leave a comment
Comment Information

Irvine
Shulman Hodges & Bastian LLP
• 100 Spectrum Center Drive, Suite 600 • Irvine, CA 92618
• Local: 949-340-3400 • Fax: 949-340-3000 • Map & Directions
or contact us at 949-427-1654

Riverside
Shulman Hodges & Bastian LLP
• 3550 Vine Street, Suite 210 • Riverside, CA 92507 
• Local: 951-275-9300 • Fax: 951-275-9303 • Map & Directions
or contact us at 949-427-1654

Map