Mylife.com Inc.

Good Law
United States Bankruptcy Court, Central District of CaliforniaSeptember 14, 20232:22-bk-14858California2,592 words

Opinion

Trial Court Opinion

I. Facts and Summary of Pleadings

On September 2, 2022 (the “Petition Date”), MyLife.com Inc. (the “Debtor”) filed a voluntary Chapter 11 petition. Jeffrey Tinsley (“Tinsley”) is the Debtor’s CEO and Chairman and holds a 56.2% interest in the Debtor. Amended Statement of Financial Affairs [Doc. No. 36] at ¶ 28. The Debtor operates a website that allows subscribers to run background checks on individuals. On November 30, 2022, upon the motion of the Debtor, the Court issued a § 105 injunction barring the continued prosecution as to Tinsley of an action pending before the United States District Court for the Northern District of Florida (the “Florida District Court”). Bankr. Doc. Nos. 48–49. The Court found that issuance of the injunction was appropriate so that Tinsley could focus his attention upon the Debtor’s reorganization, rather than the litigation in Florida:

Absent issuance of a § 105 injunction, Tinsley would be required to spend significant time attending depositions and pretrial hearings and responding to discovery in the arbitration of the Rancourt Action. As the Debtor’s Chairman and CEO, it is critical that Tinsley not be distracted from focusing upon the Debtor’s…

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