B Line Llc V Wingerter No 08 4455
In Chapter 13 proceedings, the decision of the bankruptcy court in holding that plaintiff’s purchase of a creditor’s claim against the debtors was not valid is reversed where: 1) the bankruptcy court clearly erred in finding that the purchase agreement between the plaintiff and the intermediary did not contain representations about the validity of the claims purchased by plaintiff; and 2) the bankruptcy court abused its discretion in determining that plaintiff’s actions violated Rule 9011(b) and were therefore sanctionable....