Trustee Appears To Claw Again $1.4M In Kossoff Agency’s Ch. 7


By Grace Dixon (June 30, 2022, 12:40 PM EDT) — The trustee to now-defunct actual property regulation agency Kossoff PLLC sought to claw again $1.475 million from Valley Nationwide Financial institution, alleging sole member Mitchell Kossoff –just lately sentenced for defrauding shoppers– drained agency funds with the financial institution’s assist to maintain a household enterprise afloat.

Chapter 7 Trustee Albert Togut hit Valley Nationwide Financial institution, subsidiary VNB New York, Kossoff and his mom Phyllis Kossoff with an adversary motion on Wednesday, alleging VNB issued the already bancrupt agency loans and a line of credit score that allowed Kossoff to shift Burton Packaging Co. Inc.’s burgeoning monetary money owed onto the agency.

“There was completely no enterprise…

Keep forward of the curve

Within the authorized occupation, data is the important thing to success. It’s important to know what’s taking place with shoppers, rivals, apply areas, and industries. Law360 supplies the intelligence it is advisable stay an skilled and beat the competitors.

  • Entry to case knowledge inside articles (numbers, filings, courts, nature of swimsuit, and extra.)
  • Entry to hooked up paperwork akin to briefs, petitions, complaints, selections, motions, and so forth.
  • Create customized alerts for particular article and case subjects and a lot extra!

TRY LAW360 FREE FOR SEVEN DAYS



Supply hyperlink