Cabuya Cherokee, SA v. Vogt (In re Vogt)

Chapter 7

MEMORANDUM OPINION AND ORDER DENYING MOTION FOR RECONSIDERATION OF SUMMARY JUDGMENT

Michael G. Williamson, United States Bankruptcy Judge

This Court previously ruled that a settlement agreement entered into by the Debtor (Jeffery Vogt), his brother, and American Transworld Corporation (“ATWC”) in an earlier chapter 11 case is unenforceable as to the Debtor.1 Under that settlement agreement, Jeffery Vogt was obligated to pay ATWC $14 million within 90 days. If the Debtor failed to make that payment, then ATWC would be entitled to the Debtor’s interest in various Costa Rican companies.…