Burks v. Bailey
District Court, D. Idaho
1Opinion of the Court
MEMORANDUM DECISION
B. LYNN WINMILL, Chief Judge.
INTRODUCTION
Debtor Barry Todd Bailey appeals from the bankruptcy court’s judgment against him. For the reasons explained below, the Court will affirm in part, and reverse and remand in part.
BACKGROUND
In December 2004, Brian Burks and Todd Bailey formed Emerald Asset Management, Inc., which is a financial-planning and investment firm. The company operated without incident for around five years. In the summer of 2010, however, Bailey told Burks he was insolvent and could no longer afford the necessary business li*597censes. He asked Burks to buy him…
2Cases cited15 opinions
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- Robertson v. Peters (In re Weisman)Court of Appeals for the Ninth Circuit · 1993
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