In Re: Woskob, 305 F3d 177 (2002)
Jan 01, 2002OUTCOME: The 3rd Circuit Court of Appeals reversed the District Court's holding that the Partnership Agreement was not enforceable.
Victor and Leah Wosbob were equal owners of an aparment complex. Following their separation, Victor died, and his estate filed a Cahpter 11 bankruptcy proceedings. The estate, as debtor-in possession ... sought to invalidate the buy-sell provisions of the partnership agreement based on Pennsylvania statutory provisions that provide that partnerships terminate upon the filing of bankruptcy.
