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judicial estoppelasset disclosurefela
Biesek v. Soo Line R. Co.
440 F.3d 410 (7th Cir. 2006)
Key Principle
Because a cause of action a debtor concealed in bankruptcy belongs to the bankruptcy estate, applying judicial estoppel to extinguish the debtor's suit would inequitably punish innocent creditors and is therefore an improper use of that equitable doctrine.
Area of Law
General
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