Legal Opinion

Wells Fargo Bank, N.A. v. Loop 76, LLC (In Re Loop 76, LLC)

United States Bankruptcy Appellate Panel for the Ninth Circuit

Decided February 23, 2012No. BAP AZ-11-1094-KiWiJu, AZ-11-1113-KiWiJu; Bankruptcy 09-16799-RJHPublishedCited by 28 opinions

1Opinion of the Court

OPINION

KIRSCHER, Bankruptcy Judge.

We are asked to determine whether a third-party source for recovery on a creditor’s unsecured claim, such as a guarantor, is a factor the bankruptcy court may consider when determining whether claims are substantially similar under 11 U.S.C. § 1122(a). 2 We conclude that it is, and we AFFIRM. 3

I. FACTUAL AND PROCEDURAL HISTORY

Loop 76 is an Arizona limited liability-company that was formed in 2004 for the purpose of constructing, developing, and operating an office/retail complex located in the Airpark Design Center portion of Scottsdale, Arizona (the “Airpark…

2Cases cited30 opinions

  1. United States v. HinksonCourt of Appeals for the Ninth Circuit · 2009
  2. In the Matter of Pizza of Hawaii, Inc., Debtor. Pizza of Hawaii, Inc. v. Shakey's, Inc.Court of Appeals for the Ninth Circuit · 1985
  3. Retz v. Samson (In Re Retz)Court of Appeals for the Ninth Circuit · 2010
  4. In Re Aov Industries, Inc., Hubert R. Bruce, Appeal of Hawley Fuel Coalmart, Inc. And Hawley Fuel Coal, Inc.Court of Appeals for the D.C. Circuit · 1986
  5. In Re U.S. Truck Company, Inc., a Michigan Corporation, Debtor. Teamsters National Freight Industry Negotiating Committee v. U.S. Truck Company, Inc.Court of Appeals for the Sixth Circuit · 1986

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3Cited by28 opinions

  1. Franklin High Yield Tax-Free Income Fund v. City of Stockton (In Re City of Stockton)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2015
  2. Beal Bank USA v. Windmill Durango Office, LLC (In re Windmill Durango Office, LLC)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2012
  3. Meyer v. Renteria (In Re Renteria)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2012
  4. In re 18 RVC, LLCUnited States Bankruptcy Court, E.D. New York · 2012
  5. In re HyattUnited States Bankruptcy Court, D. New Mexico · 2014

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