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Court Affirms Discounts and Hypothetical Capital Gains Taxes

In a motion before the bankruptcy court, Chapter 7 trustee, Gloria Satriale , sought leave to sell debtor's 50% interest in a mushroom composting company to debtor's brother, James Frezzo, who also had a 50% interest in the company, known as Frezzo Brothers.

In re Frezzo

At issue is the fair value of the Debtor's fifty percent (50%) shareholder interest in a corporate mushroom composting business known as Frezzo Brothers, Inc.

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