Legal Opinion
Asset Based Resource Group, LLC v. United States Trustee (In Re Polaroid Corp.)
Court of Appeals for the Eighth Circuit
Decided July 9, 2010No. 09-2860PublishedCited by 6 opinions
1Per curiam
After an auction, debtor Polaroid Corporation agreed to sell its assets to PLR Acquisition, LLC, for $87 million. The bankruptcy court approved the sale, free and clear of any liens — including Acorn Capital Group’s liens of $300 million. See 11 U.S.C. § 363(f). The bankruptcy court did, however, recognize that Acorn’s claims attached to the net proceeds of the sale.
Acorn moved to stay the sale pending appeal. The bankruptcy court denied the motion. Acorn renewed its motion in the district court, 1 which was again denied. The sale closed, and the assets were trans ferred to PLR. Asset Based…
2Cases cited8 opinions
- Clear Channel Outdoor, Inc. v. Knupfer (In Re PW, LLC)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2008
- John Cinicola v. William J. Scharffenberger, Chapter 11 Trustee, Et Al.Court of Appeals for the Third Circuit · 2001
- In Re: Marco A. Rodriquez and Vanessa M. Rodriquez, Debtors. Mark E. Nieters v. Gary L. Sevcik, Anita L. Shodeen, TrusteeCourt of Appeals for the Eighth Circuit · 2001
- In Re Murray F. Armstrong, Debtor. William S. Meeks, Trustee v. Red River Entertainment of Shreveport, Partnership in Commendam, Doing Business as Harrah's Shreveport CasinoCourt of Appeals for the Eighth Circuit · 2002
- In Re: Wintz Companies, D/B/A Milbank Freightways, Debtor. George L. Wintz v. American Freightways, Inc. Charles W. Ries, George L. Wintz v. Stan Koch & Sons Trucking, Inc. Charles W. Ries, George L. Wintz v. Spindrift, Inc. Charles W. Ries, Wintz Properties, Inc. v. American Freightways, Inc. Charles W. Ries, Wintz Properties, Inc. v. Stan Koch & Sons Trucking, Inc. Charles W. Ries, Wintz Properties, Inc. v. Spindrift, Inc. Charles W. RiesCourt of Appeals for the Eighth Circuit · 2000
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3Cited by6 opinions
- Robert A. Sears v. Joseph H. BadamiCourt of Appeals for the Eighth Circuit · 2013
- United States v. Ritchie Special Credit Investments, Ltd.Court of Appeals for the Eighth Circuit · 2010
- Interlachen Harriet Investments Ltd. v. Kelley (In Re Petters Co.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2011
- SHF Holdings, LLC v. Allamakee County (In Re Agriprocessors, Inc.)United States Bankruptcy Court, N.D. Iowa · 2012
- Interlachen Harriet Investment v. Douglas A. KelleyUnited States Bankruptcy Appellate Panel for the Eighth Circuit · 2011
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