Westmoreland Human Opportunities, Inc. v. Walsh

OPINION OF THE COURT

BECKER, Chief Judge.

This bankruptcy appeal requires us to define the boundaries of the term “property of the estate,” as used in § 541 of Title 11 of the United States Code (Bankruptcy Code), in the context of a federal grant relationship. The appeal arises out of an adversary action instituted by the trustee of debtor Life Service Systems, Ine.(LSS) against defendant Westmoreland Human Opportunities, Inc. (WHO), charging the latter with a breach of its fiduciary duty to LSS’s Unsecured Creditors Committee (Committee). Both LSS and WHO are non-profit organizations which…