Legal Opinion
In Re Fleetwood Enterprises, Inc.
United States Bankruptcy Court, C.D. California
Decided April 8, 2010No. 09-14254-MJPublished
1Opinion of the Court
OPINION
MEREDITH A. JURY, Bankruptcy Judge.
The Official Committee of Creditors Holding Unsecured Claims of Fleetwood Enterprises, Inc. and its affiliated debtors and debtors-in-possession filed a motion seeking turnover under § 542 1 of a $2.4 million commitment fee that debtors paid to Bank of America, National Association (“BofA”) in connection with a court-approved postpetition debtor-in-possession (“DIP”) interim financing order.
For the reasons set forth below, the court DENIES the Committee’s motion.
I. FACTS AND PROCEDURAL BACKGROUND
Debtors filed their voluntary chapter 11 petitions on…
2Cases cited15 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- In Re Adams Apple, Inc., Debtor. Robert C. Burchinal, Donald G. Ott, Meton G. Raine, Karen O. Raine, John Ruud, Richard H. Mason, Phyllis Mason, Richard Floren, Rachel Floren, Kenneth R. Irwin, Sharon Irwin, Richard J. Willsey and Cheri Ann Willsey, Plaintiffs v. Central Washington Bank, Bank of California v. Central Washington BankCourt of Appeals for the Ninth Circuit · 1987
- Zurich American Insurance v. International Fibercom, Inc. (In Re International Fibercom, Inc.)Court of Appeals for the Ninth Circuit · 2007
- United States v. WashingtonCourt of Appeals for the Ninth Circuit · 2005
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