Hecker v. Seaver, No. 11-3523 (8th Cir. 2013)
Annotate this CaseAppellant petitioned for protection under Chapter 7 of the Bankruptcy Code, listing a sales-commission agreement (SCA) as non-exempt personal property with an estimated value of $6 million. He did not claim that payments owed under the SCA were exempt property on Schedule C of the petition. On appeal, appellant argued that the bankruptcy court erred by disregarding his request to amend his schedule of exempt property and approving the settlement. The court concluded that the bankruptcy court did not abuse its discretion in denying a continuance and approving the settlement and therefore, affirmed the judgment.
Court Description: Civil case - Bankruptcy. Bankruptcy court did not abuse its discretion by denying debtor's last-minute motion for a continuance to amend his schedule.
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