The Full Wiki

More info on Judicial estoppel

Judicial estoppel: Wikis

Advertisements
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

In the practice of law, judicial estoppel (also known as estoppel by inconsistent positions) is an estoppel which precludes a party from taking a position in a case which is contrary to a position they have taken in earlier legal proceedings. Although, in the United States, it is only a part of common law and therefore not sharply defined, it is generally agreed that it can only be cited if the party in question successfully maintained its position in the earlier proceedings and benefited from it.

References


Judicial estoppel is a doctrine which may be applied in matters involving closed bankruptcies wherein the former debtor attempts to lay claim to an asset which was not disclosed on the bankruptcy schedules.

Citation:

United States Supreme Court in First National Bank v. Laseter, 196 U.S. 115, 11925 S. Ct. 206, 49 L.Ed. 408 (1905), which held at 119: it cannot be that a bankrupt, by admitting to schedule and withholding from his trustee all knowledge of certain property, can, after his estate and bankruptcy has been finally been closed up, immediately thereafter assert title to the property on the ground that the trustee had never taken any action in respect to it. If the claim was of value it was something to which the creditors were entitled, and this bankrupt could not, by withholding knowledge of its existence, obtain a release from his debts and still assert title to the property.

See also Sierra Switchboard Co. v. Westinghouse Electric Corp., 789 F.2d 705 (9th Cir. 1986).

External links


Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message