- Case Type:
- Case Status:
- NC-15-1174-KuBS (9th Circuit, Mar 22,2017) Not Published
- Bankruptcy court's order approving the sale of two apartment buildings and finding that purchaser was a good faith purchaser within the meaning of § 363(m) affirmed.
- Procedural context:
- Appeal from the bankruptcy court for the Northern District of California; reviewed under the clearly erroneous standard.
- Bankruptcy court entered an order authorizing chapter 11 trustee to sell two apartment buildings. For one of the apartment buildings, the sale order authorized the trustee to sell to a backup purchaser in the event that the sale to the initial purchaser failed to close. The sale order included a finding that both purchasers were good faith purchasers under § 363(m). The trustee ultimately sold to the backup purchaser. In a prior appeal of the sale order, the BAP remanded the case to the bankruptcy court to address a lingering good faith issue. On remand, after a hearing, the bankruptcy court reaffirmed its prior good faith finding in light of the evidence submitted. Debtor's former principal appealed from the bankruptcy court's second good faith finding.
- Kurtz, Brand, Spraker
Joseph Hill v. Raquel King
Summarizing by J Newman
3047 in the system
2 Being Processed