Stearns v. Woolard (In re Laughing-House)

MEMORANDUM OPINION

A. THOMAS SMALL, Bankruptcy Judge.

The matters before the court are two adversary proceedings brought by Richard M. Stearns, trustee for the chapter 7 debtors, to compel the high bidders at a public auction to honor their bids and purchase certain tracts of real property. The adversary proceedings involve common questions of law and fact, and were consolidated pursuant to Rule 42(a) of the Federal Rules of Civil Procedure (BR 7042) for joint trial. The trial was held in Raleigh, North Carolina, on July 23, 1985.

These adversary proceedings are “core proceedings” (28 U.S.C. §…