Opinion ID: 780231
Heading Depth: 3
Heading Rank: 2

Heading: Marvin's Release

Text: 18 Marvin's release is contained in the May 17, 1991, consent order entered by the Bankruptcy Judge in the Older Isleys' consolidated Chapter 7 proceedings. That order, signed by Marvin and Ernest Isley, states that he and Ernest hereby release and discharge the Debtors and all corporations owned or controlled by the Debtors [ i.e., including Bovina and T-Neck] ... from any and all claims that they have or may have against the Debtors and all corporations owned or controlled by the Debtors.... Like Jasper, Marvin was faced with the prospect of being liable for 1/6th of the debts of the Older Isleys' bankruptcy estates. He avoided that possibility by surrendering his claim for past record royalties and releasing any future claim for record royalties. He also received nearly $47,000 for songwriter royalties. 19 The record fully supports the District Court's conclusion that Marvin released his claim for record royalties.