An-Tze Cheng v. K & S Diversified Investments, Inc. (In Re An-Tze Cheng)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
KLEIN, Bankruptcy Judge.
This appeal deals with constraints on remedies for judicial estoppel in bankruptcy. Under the equitable principle that a court will not do inequity in the name of equity, we hold that the debtor’s different capacities, as debtor and as debtor in possession performing duties of the trustee, must be considered when fashioning a judicial estoppel remedy and that a remedy must be calibrated so as not to harm bystanders. Thus, we REVERSE and REMAND for further proceedings.
Facts
Appellants, Andrew An-Tze and Yvonne E-Fung Cheng, are chapter 11 debtors in possession who…
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