Study Aids
Case Briefs Overview
Casebooks
Case Briefs
T

Tradex Corporation v. Morse

339 B.R. 823 (2006)

From our private database of 46,500+ case briefs, written and edited by humans—never with AI.

Tradex Corporation v. Morse

United States Bankruptcy Court for the District of Massachusetts
339 B.R. 823 (2006)

  • Written by Philip Glass, JD

Facts

Tradex Corporation (Tradex) (debtor) filed for Chapter 11 bankruptcy on February 16, 2005. The bankruptcy court issued an order granting the United States trustee’s motion for the appointment of a Chapter 11 trustee on April 7, 2005. The United States trustee had requested the appointment of a Chapter 11 trustee on several grounds derived from documentary evidence and testimony. First, Tradex neither completely nor accurately disclosed in its schedules to the court all of its assets, liabilities, and insider payments. Second, Tradex engaged in internal transactions of questionable legality. Third, Tradex commingled its affairs with an affiliated company, Gitto Global, associated with Charles Gitto, Jr., Tradex’s president and only shareholder. Fourth, Tradex acquired inventory but could not provide confirmatory documents. Fifth, Tradex’s Chapter 11 filing conflicted with its tax returns. Sixth, a grand-jury investigation of fraud allegations against Tradex was ongoing. Seventh, the creditors had credibly alleged that Tradex engaged in bad faith, fraud, and law-enforcement violations. Eighth, Gitto took excessive management fees from Tradex. Tradex appealed the bankruptcy court’s order for appointment to the district court.

Rule of Law

Issue

Holding and Reasoning (Woodlock, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 832,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 832,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 832,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,500 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Bankruptcy

Key Terms