A Man is Being Sued by his Bankruptcy Case's Trustee
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Businessman sued by own bankruptcy case trustee

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October 19, 2010

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Businessman sued by own bankruptcy case trustee

More than a year after he filed for personal bankruptcy, a Las Vegas businessman is still having issues with the proceedings.

In fact, things have been so bad for Jean Marc El Jwaidi that the trustee for his Chapter 7 bankruptcy liquidation case in Las Vegas recently sued him, claiming he did not provide the proper information, according to the Las Vegas Sun.

"Certain transactions occurred within the two-year period preceding the bankruptcy filing which caused a loss of assets to the estate or a deficiency of assets to meet the debtor's liabilities. After request by the trustee, debtor has failed to explain the loss and/or deficiency," said the lawsuit filed by one of the bankruptcy lawyer trustees appointed by the office of the U.S. Trustee to administer Chapter 7 bankruptcy cases.

The office of the U.S. Trustee is part of the U.S. Justice Department and administers certain bankruptcy cases and routinely appoints trustees to such proceedings.

The bankruptcy suit is seeking to not allow El Jwaidi from being discharged from bankruptcy, meaning he would remain liable for his debts.

El Jwaidi had previously been charged with defrauding investors out of millions of dollars.


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