Trustee Asks Judge to Dismiss Mark Casolo's Chapter 7 Bankruptcy
Tap to Call - (877) 250-8242

Trustee seeks dismissal of restaurateur bankruptcy

By:

March 04, 2011

Share this article

SHARE

Trustee seeks dismissal of restaurateur bankruptcy

After his bankruptcy attorney recused himself from the case, citing ethical conflicts, the bankruptcy trustee overseeing restaurateur Mark Casolo's liquidation case has petitioned a judge to dismiss it.

In late February, Casolo's attorney, Michael Mansion, moved to recuse himself from the case, adding that Casolo didn't need a replacement attorney and could represent himself, since he is a "sophisticated guy," has represented himself before and that any lawyer taking over the case would run into the same ethical problems, according to the Albany Times-Union.

At the time, Casolo was facing a number of legal problems, including accusations of mismanaging investors' money and unpaid taxes. The restaurateur was also investigated by the bankruptcy trustee, William McCarthy, for concealing assets from creditors.

Now, McCarthy has petitioned a judge to dismiss Casolo's Chapter 7 bankruptcy altogether, since he has allegedly not filed all required financial disclosure paperwork, according to the news source. A dismissal would mean a lifting of the automatic stay, allowing creditors to pursue collection against Casolo as if he had never filed for bankruptcy.


Back to Newspaper Home


Tap to Call - (877) 250-8242

Copyright © 2017 MH Sub I, LLC. All rights reserved. ® Self-help services may not be permitted in all states. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. The attorney listings on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state.Your use of this website constitutes acceptance of the "Terms & Conditions", "Supplemental Terms", "Privacy Policy" and "Cookie Policy."