Opinion ID: 3163849
Heading Depth: 2
Heading Rank: 2

Heading: the chapter 7 bankruptcy

Text: After this rush to the courthouse was underway, Mr. Welt purported to file a voluntary Chapter 7 bankruptcy petition on Nica’s behalf on September 24, 2012. He claimed that bankruptcy was “the most expeditious and effective means of administering the remaining assets of Nica” namely the litigation. Leslie Osborne was appointed trustee (“the Trustee”) of Nica’s bankrupt estate. Mr. Ullrich opposed the bankruptcy from the beginning. He claimed (and continues to claim) that Mr. Welt filed the bankruptcy merely to block his removal as ABC assignee and to insulate himself from personal liability. Mr. Ullrich moved to dismiss the bankruptcy petition on October 8, 2012, claiming that Mr. Welt lacked the authority to put Nica into bankruptcy. His motion to dismiss was denied, as was his motion to take an interlocutory appeal from that denial.