Schultze v. Chandler

Summarized by Bruce Weiner , Rosenberg, Musso & Weiner
11 years 7 months ago

Citation:

12-1586

Tag(s):

Ruling:

Post-petition state law actions against court appointed professionals are core proceedings and therefore the bankruptcy court can enter final judgment in such matters.

Procedural context:

Appeal from the United States District Court for the Northern District of California

Facts:

Creditors filed action against the attorneys for the unsecured creditors committee alleging that because they failed to insure that debtor's counsel filed UCC financing statements, creditors recovered less than they should have. Attorneys moved for summary judgment and court dismissed the action, holding that the attorneys for the committee did not owe a duty to individual creditors, but only to the committee as a whole. Creditors also challenged the right of the bankruptcy court to enter judgment.

Judge(s):

Trott, Thomas, Murquia

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