Now Updating
Joseph Hill v. Raquel King

Summarizing by J Newman

Hujazi v. Schoenmann (In re the Zuercher Trust of 1999)

Case Type:
Business
Case Status:
Affirmed
Citation:
NC-15-1174-KuBS (9th Circuit, Mar 22,2017) Not Published
Tag(s):
Ruling:
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.
Facts:
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.
Judge(s):
Kurtz, Brand, Spraker

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