Goldman v. Kattouah (In Re Kattouah)

OPINION AND ORDER AFFIRMING BANKRUPTCY COURT’S ORDER CONFIRMING PLAN

ROBERT H. CLELAND, District Judge.

This appeal presents the question of whether an isolated and contradictory statement made by a debtor in an answer to a complaint filed by a creditor in an adversary proceeding constitutes a binding judicial admission to a fact material to the underlying bankruptcy. The court holds that it does not.

I. BACKGROUND

The valuation of an illiquid asset, the real estate commonly known as 2812 South Telegraph Road, Bloomfield Township, Michigan 48302 (the “Property”), is the focal issue here, as it…