ThinkTank
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- Feb 14, 2009
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More discussion of the bankruptcy topic in the SIDEBAR thread
http://www.websleuths.com/forums/showthread.php?t=192824&page=76
It appears to me that the bottom line is MONEY -- how much it would cost the Trustee and his attorney to continue to investigate this bankruptcy case for hidden assets -- and how much the Trustee and his attorney could potentially end up with/or without when the case is finished.
In my opinion, the Trustee and his attorney have decided their best option is to take the $ 25,000 and get OUT of this case as soon as possible before racking up more costs, and end up with no profit for themselves.
The Trustee and his attorney are not like her MANY PRO BONO attorneys and will not continue to do legal work without getting paid.
https://docs.google.com/file/d/0B7DjeAMt_BpIYzhURDJnTmhfSE0/edit?pli=1
JOINT MOTION TO APPROVE COMPROMISE OF CONTROVERSY
page 4 - "... the potential value of the commercialization rights to a story which the Debtor may never tell are limited and do not warrant the expenditure of the legal time and effort necessary to pursue the sale."
"...The cost of litigation and the risk of potential loss justify the settlement."
"... the complexity of the litigation involved, the expense, inconvenience and delay necessarily attending it; ..."
http://www.websleuths.com/forums/showthread.php?t=192824&page=76
It appears to me that the bottom line is MONEY -- how much it would cost the Trustee and his attorney to continue to investigate this bankruptcy case for hidden assets -- and how much the Trustee and his attorney could potentially end up with/or without when the case is finished.
In my opinion, the Trustee and his attorney have decided their best option is to take the $ 25,000 and get OUT of this case as soon as possible before racking up more costs, and end up with no profit for themselves.
The Trustee and his attorney are not like her MANY PRO BONO attorneys and will not continue to do legal work without getting paid.
https://docs.google.com/file/d/0B7DjeAMt_BpIYzhURDJnTmhfSE0/edit?pli=1
JOINT MOTION TO APPROVE COMPROMISE OF CONTROVERSY
page 4 - "... the potential value of the commercialization rights to a story which the Debtor may never tell are limited and do not warrant the expenditure of the legal time and effort necessary to pursue the sale."
"...The cost of litigation and the risk of potential loss justify the settlement."
"... the complexity of the litigation involved, the expense, inconvenience and delay necessarily attending it; ..."