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The answer to what could convince a court to convert the Refco LLC Bankruptcy Case into Chapter 7 Bankruptcy could be located in Securities, Comedies, Contract, and Trusts Law. Thus, my argument before the Bankruptcy Court would be simple and straightforward. I would first argue that when I initially contracted with Refco to trade FOREX that a Trust was formed. The property in the Trust was never owned by Refco, but instead belonged to the Trust, which was holding it so that I could trade in the FOREX markets. In this argument I would cite supporting case law from various bankruptcy cases dealing with Commodities Brokers
Accountingweb.com. Retrieved on September 8, 2014 from http://www.accountingweb.com/article/has-sox-been-successful/219796 Maleske, M. (2012). 8 ways SOX changed corporate governance: Experts weigh in on SOX 10 years after it became law. InsideCounsel.com. Retrieved on September 7, 2014 from http://www.insidecounsel.com/2012/01/01/8-ways-sox-changed-corporate-governance Sarbones-Oxley Act.
Web 30 November 2008 “Fiscal Policy” Wikipedia, Wikimedia Foundation. Web 20 October
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This is one that has been debated upon for many years. At one time in the 1970’s the legal age to purchase alcohol was lowered to 18 in a few states, but was raised back to twenty-one for a rather disturbing reason. The number one reason that states raised the legal drinking age back to twenty one was because in 1984 federal law decrees that if a state picked anything less than twenty-one as its legal drinking age it would lose ten percent of its federal highway funds (Wilkinson, 2008). This is a manipulative way of getting the legal age changed without having to have a heated debate. Of course the states immediately changed the legal age back to twenty-one, had the age not been changed the state would have lost a considerable amount of highway funding.
Book of Hollywood, Second Edition. New York: Facts On File, Inc., 2004. American History Online. Facts On File, Inc. <http://www.fofweb.com/activelink2.asp?ItemID=WE52&iPin=EHOL0362&SingleRecord=True>. (accessed March 10, 2008).