Legal Opinion
In re Buerge
United States Bankruptcy Court, D. Kansas
Decided September 6, 2012No. 11-20325PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER GRANTING MOTION TO ABANDON AND DENYING MOTION TO SELL
ROBERT D. BERGER, Bankruptcy Judge.
Debtor seeks to compel the Chapter 7 Trustee to abandon Debtor’s minority stock interest in two closely held bank holding companies. The Trustee seeks an order approving the sale of the stock to Debtor’s most significant creditor, Prime *104Lending II, LLC.1 The Trustee failed to prove the bidders qualified as good faith purchasers or offered to purchase the stock for value. Instead, Debtor proved the sale is too costly and the return to unsecured creditors is too inconsequential…
2Cases cited14 opinions
- Rambo v. Chase Manhattan Mortgage Corp. (In Re Rambo)United States Bankruptcy Court, E.D. Pennsylvania · 2003
- In Re BakalisUnited States Bankruptcy Court, E.D. New York · 1998
- Alexander v. Jensen-Carter (In Re Alexander)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2003
- Craig v. Union County Bank (In Re Crabtree)United States Bankruptcy Court, E.D. Tennessee · 1985
- T.C. Investors v. Joseph (In Re M Capital Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2003
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3Cited by4 opinions
- In re Scimeca Foundation, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 2013
- In re Sunland, Inc.United States Bankruptcy Court, D. New Mexico · 2014
- SB BUILDING ASSOCIATES LIMITED PARTNERSHIP v. ATKINSONDistrict Court, D. New Jersey · 2020
- The Diocese of Camden, New JerseyUnited States Bankruptcy Court, D. New Jersey · 2023