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Debtor's liability on trade secrets claim and fixing minimum amount of that iability, was neither "contingent" nor "unliquidated"

Background: Motion was filed to dismiss debtor's Chapter 12 case, on ground that at least 50% of debtor's noncontingent, liquidated debt did not arise out of farming operation, as required for debtor to qualify as "family farmer" eligible for Chapter 12 relief. Holding: The Bankruptcy Court, Gerald D. Fines, J., held that debtor's obligation to corporation that had sued him prepetition for misappropriation of trade secrets, and that, prior to petition date, had obtained order establishing d read more

Full post as published by The Trade Secrets Vault on June 29, 2008 (boomark / email).