{"id":85,"date":"2022-11-16T14:06:22","date_gmt":"2022-11-16T18:06:22","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/?p=85"},"modified":"2022-11-16T14:06:22","modified_gmt":"2022-11-16T18:06:22","slug":"debtors-alleged-ownership-interest-in-cannabis-related-companies-did-not-compel-dismissal-of-bankruptcy-case-rather-than-conversion-to-chapter-7","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/2022\/11\/16\/debtors-alleged-ownership-interest-in-cannabis-related-companies-did-not-compel-dismissal-of-bankruptcy-case-rather-than-conversion-to-chapter-7\/","title":{"rendered":"Debtor&#8217;s Alleged Ownership Interest in Cannabis-Related Companies Did Not Compel Dismissal of Bankruptcy Case, Rather Than Conversion to Chapter 7"},"content":{"rendered":"<p>In <em>In re Roberts<\/em>, the Bankruptcy Court of the District of Colorado held that a debtor\u2019s alleged ownership interest in cannabis-related companies did not require a dismissal of the case and that a Chapter 7 trustee could administer the debtor\u2019s assets. This represents a significant change from prior decisions from this court, which has usually dismissed any bankruptcy case involving cannabis. The decision may be a signal that an alleged investment in cannabis-related companies alone is not an automatic death knell to a debtor seeking bankruptcy relief or prevent a Chapter 7 trustee from administering estate assets.<\/p>\n<p>To read the full text of this Duane Morris <em>Alert<\/em>, please <a href=\"https:\/\/www.duanemorris.com\/alerts\/debtors_alleged_ownership_interest_cannabis_related_companies_did_not_compel_dismissal_1122.html\" target=\"_blank\" rel=\"noopener\">visit the firm website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In In re Roberts, the Bankruptcy Court of the District of Colorado held that a debtor\u2019s alleged ownership interest in cannabis-related companies did not require a dismissal of the case and that a Chapter 7 trustee could administer the debtor\u2019s assets. This represents a significant change from prior decisions from this court, which has usually &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/2022\/11\/16\/debtors-alleged-ownership-interest-in-cannabis-related-companies-did-not-compel-dismissal-of-bankruptcy-case-rather-than-conversion-to-chapter-7\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Debtor&#8217;s Alleged Ownership Interest in Cannabis-Related Companies Did Not Compel Dismissal of Bankruptcy Case, Rather Than Conversion to Chapter 7&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[14,22,25,23,24],"ppma_author":[5],"class_list":["post-85","post","type-post","status-publish","format-standard","hentry","category-general","tag-bankruptcy","tag-cannabis","tag-chapter-7-trustee","tag-colorado","tag-in-re-roberts"],"authors":[{"term_id":5,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/posts\/85","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/comments?post=85"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/posts\/85\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/media?parent=85"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/categories?post=85"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/tags?post=85"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/lenderliabilityandloanenforcement\/wp-json\/wp\/v2\/ppma_author?post=85"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}