In re: JEFFERY ALLAN MASCIO; INDVR BRANDS, INC. and INDVR BRANDS U.S., INC. v. JEFFERY MASCIO

CourtUnited States Bankruptcy Court, D. Colorado
DecidedDecember 17, 2025
Docket25-01156
StatusUnknown

This text of In re: JEFFERY ALLAN MASCIO; INDVR BRANDS, INC. and INDVR BRANDS U.S., INC. v. JEFFERY MASCIO (In re: JEFFERY ALLAN MASCIO; INDVR BRANDS, INC. and INDVR BRANDS U.S., INC. v. JEFFERY MASCIO) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: JEFFERY ALLAN MASCIO; INDVR BRANDS, INC. and INDVR BRANDS U.S., INC. v. JEFFERY MASCIO, (Colo. 2025).

Opinion

UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF COLORADO Bankruptcy Judge Thomas B. McNamara

In re: Bankruptcy Case No. 25-10631 TBM JEFFERY ALLAN MASCIO, Chapter 7

Debtor.

INDVR BRANDS, INC. INDVR BRANDS U.S., INC., Adv. Pro. No. 25-1156 TBM Plaintiffs,

v.

JEFFERY MASCIO,

Defendant. ______________________________________________________________________

ORDER: (1) GRANTING MOTION TO DISMISS INITIAL COUNTERCLAIMS; (2) DENYING MOTION FOR LEAVE TO FILE AMENDED COUNTERCLAIMS; (3) GRANTING MOTION FOR LEAVE TO FILE AMENDED ANSWER; AND (4) DENYING MOTION TO STRIKE AMENDED COUNTERCLAIMS ______________________________________________________________________

I. Introduction.

The Plaintiffs, INDVR Brands, Inc. and INDVR Brands U.S., Inc. (together “INDVR”), initiated this Adversary Proceeding by filing a complaint against the Chapter 7 Debtor/Defendant, Jeffery Allan Mascio (the “Debtor”). INDVR asserted that the Debtor is indebted to INDVR pursuant to a judgment in the aggregate amount of $56,160,527. Through the complaint, INDVR pled that the Debtor’s discharge should be denied under Sections 727(a)(2), (a)(3) and (a)(4)(A) of the Bankruptcy Code1 and that the debt should be determined to be nondischargeable under Sections 523(a)(4) and (a)(6) of the Bankruptcy Code. So, the focus of this Adversary Proceeding is discharge and dischargeability of debt.

1 All references to the “Bankruptcy Code” are to the United States Bankruptcy Code, 11 U.S.C. § 101 et seq. Unless otherwise indicated, all references to “Section” are to sections of the Bankruptcy Code. In response, the Debtor answered the complaint and also asserted post-petition personal injury tort counterclaims against INDVR for: abuse of process; defamation; tortious interference; and civil conspiracy. INDVR asked for the counterclaims to be dismissed on numerous grounds including lack of subject matter jurisdiction. Subsequently, the Debtor submitted an amended answer and amended counterclaims and, then, a motion for leave to file the amended answer and counterclaims. INDVR opposed the motion for leave to file amended counterclaims and also asked that the proposed amended counterclaims be stricken.

Parsing through the myriad issues, the Court concludes that it does not have subject matter jurisdiction to adjudicate the Debtor’s initial and proposed amended counterclaims. So, for the reasons set forth below, the Court dismisses the initial counterclaims and denies leave for the Debtor to submit amended counterclaims because of futility. The Court allows the Debtor to file the amended answer.

II. Jurisdiction and Venue.

The Court has subject matter jurisdiction over this Adversary Proceeding concerning the Debtor’s entitlement to a discharge and the dischargeability of a particular debt pursuant to 28 U.S.C. § 1334. This Adversary Proceeding is a core proceeding under 28 U.S.C. §§ 157(b)(2)(B), (b)(2)(I) and (b)(2)(J), because it seeks a determination as to the dischargeability of a particular debt and a challenge to the Debtor’s entitlement to a discharge. However, for the reasons set forth below, the Court concludes that it does not have subject matter jurisdiction over the Debtor’s counterclaims. Venue is proper in this Court under 28 U.S.C. §§ 1408 and 1409 in relation to the Adversary Proceeding generally. However, venue is not proper with respect to the counterclaims because of lack of subject matter jurisdiction.

III. Procedural Posture.

A. The State Court Judgment.

On May 10, 2024, the Denver County District Court (the “State Court”) entered a judgment, which was amended on June 18, 2024 (together, the “Judgment”) against the Debtor in the aggregate amount of $56,160,527 (plus fees, costs and interest) in the case captioned: Cannabis Corp. et al. v. INDVR Brands, Inc. and INDVR Brands U.S., Inc. v. Jeffery Mascio et al., Case No. 2021-CV-30686 (District Court, City and County of Denver, Colorado). (Proof of Claim No. 1-1.)

B. The Debtor’s Main Case.

The Debtor, acting through his lawyer, filed for protection under Chapter 7 of the Bankruptcy Code on February 5, 2025 (the “Petition Date”). (Main Case Docket No. 1, the “Petition.”)2 The Debtor’s bankruptcy filing was driven by the Judgment.

2 The Court will refer to documents filed in the CM/ECF docket for this Adversary Proceeding, using the convention: “Docket No. ___.” However, when referring to a document filed in the Debtor’s Contemporaneously, the Debtor also submitted his Statement of Financial Affairs and Schedules. (Main Case Docket No. 1, the “Initial SOFA” and “Initial Schedules.”) The Debtor asserted that: he is unemployed and earns no income; his non-filing spouse receives net monthly income of $8,700 from rentals or operating a business; and he has monthly expenses of $16,433. (Id. at 40-45.) Thus, the Debtor has negative monthly net income of - $7,733. The Debtor scheduled $11,582 worth of assets against debts aggregating $50,323,184. (Id. at 46.) Per the Debtor, he owes $47,561,430 to his largest creditor, INDVR, pursuant to a “Judgment.” (Id. at 32.) To date, proofs of claims in the aggregate amount of $59,438,811 have been filed against the Debtor. INDVR filed Proof of Claim No. 1-1 for $56,160,526.56.

In his Initial Schedule A/B listing his property interests, the Debtor did not schedule any claims against INDVR or any other “third party, whether or not you have filed a lawsuit or made a demand for payment.” (Id. at 15.) In his Initial Schedule C identifying his exemptions in property, the Debtor did not claim any exemptions for any tort claims. (Id. at 20.) On May 1, 2025, the Debtor, through legal counsel, filed an Amended Schedule A/B and an Amended Schedule C. (Main Case Docket Nos. 38 and 39.) Again, the Debtor did not list, schedule, or identify any claims against INDVR or any third parties; or assert any exemptions in such type of claims. (Id.) The Main Case is open and pending and the Court has not issued a Discharge Order.

C. The Adversary Proceeding.

On May 8, 2025, INDVR initiated this Adversary Proceeding by filing a “Complaint” against the Debtor. (Docket No. 1, the “Complaint.”) Through the Complaint, INDVR asserted five claims against the Debtor: (1) an objection to discharge under Section 727(a)(2); (2) an objection to discharge under Section 727(a)(3); (3) an objection to discharge under Section 727(a)(4)(A); (4) an objection to the dischargeability of the Judgment under Section 523(a)(4); and (5) an objection to the dischargeability of the Judgment under Section 523(a)(6).

In response to the Complaint, the Debtor (unrepresented by legal counsel in this Adversary Proceeding) filed his “Answer to Complaint and Counterclaim.” (Docket No. 20, the “Initial Answer and Counterclaims.”) Thereafter, INDVR submitted an “Answer to Counterclaims.” (Docket No. 24, the “CC Answer.”) Then, INDVR presented a “Motion to Dismiss Counterclaims.” (Docket No. 26, the “Motion to Dismiss CC.”)

Meanwhile, on October 2, 2025, the Court convened a Pre-trial Scheduling Conference (the “Scheduling Conference”) on the Complaint and Initial Answer and Counterclaims. (Docket No. 30.) At the Scheduling Conference, the Court set a three-

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In re: JEFFERY ALLAN MASCIO; INDVR BRANDS, INC. and INDVR BRANDS U.S., INC. v. JEFFERY MASCIO, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-jeffery-allan-mascio-indvr-brands-inc-and-indvr-brands-us-inc-cob-2025.