Former state Supreme Court Justice Faith Ireland has been appointed guardian for incapacitated Seattle real-estate magnate Michael R. Mastro in an upcoming trial in federal bankruptcy court.Mastro, who was forced into what probably is Washington's largest bankruptcy ever in July 2009, suffered severe head injuries in a fall at his Palm Desert, Calif., home last month. The 85-year-old isn't capable of managing his personal or business affairs, his neurologist has stated, and his prognosis is unclear.
Mastro's injury came weeks before the scheduled trial of a lawsuit filed against him by James Rigby, the court-appointed trustee charged with finding and liquidating Mastro's assets and distributing proceeds to his creditors.
In the lawsuit, Rigby contends Mastro, anticipating bankruptcy, schemed to put some assets, including his Medina waterfront mansion, out of most creditors' reach. Mastro has denied the allegations.
As guardian, Ireland will make decisions on Mastro's behalf concerning the lawsuit and provide direction to his lawyers.
The guardian will be paid from Mastro assets not covered by the complex bankruptcy proceeding.
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Former Justice Appointed Guardian for Mastro in Upcoming Trial
Come on now.... it's not just for federal bankruptcy court...it's permanent.
ReplyDeleteSeems like a supreme court justice being appointed as a guardian is a conflict of interest.
ReplyDeleteReal estate magnate? Well,there goes all his money.
ReplyDelete