Steffan v. McMillan (In Re Coordinated Financial Planning Corp.)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
Before ASHLAND, VOLINN and ELLIOTT, Bankruptcy Judges.
ASHLAND, Bankruptcy Judge.
The trustee challenges the conclusion of the bankruptcy court that a right of first refusal for the purchase of real property is a covenant running with the land and is not subject to rejection as an executory contract pursuant to 11 U.S.C. § 365.
FACTS
Ronald and Krystyn Morrow (Morrows) were the principal shareholders of debtor Coordinated Financial Planning Co. (CFP). Ronald Morrow was CFP’s president.
In 1983 the Morrows purchased the West Butte Duck Club for three million dollars with one million dollars…
2Cases cited9 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- In Re Edward J. Waldron, Debtors, Shell Oil Company, Cross-Appellee v. Edward J. Waldron and Elizabeth M. Waldron, His Wife, Cross-AppellantsCourt of Appeals for the Eleventh Circuit · 1986
- In Re Dorothy Thelma Alexander, Debtor. Ronald R. Benevides and Karole L. Benevides v. Dorothy Thelma AlexanderCourt of Appeals for the Ninth Circuit · 1982
- Coast Bank v. MinderhoutCalifornia Supreme Court · 1964
- In Re WaldronUnited States Bankruptcy Court, S.D. Florida. · 1984
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3Cited by23 opinions
- In Re Mark Riso Shelly Riso, Debtors. Gary L. Snoke v. Mark Riso Shelly RisoCourt of Appeals for the Ninth Circuit · 1992
- In Re Robert L. Helms Construction And Development Co., Inc.Court of Appeals for the Ninth Circuit · 1998
- In Re Sunset DevelopersUnited States Bankruptcy Court, D. Idaho · 1987
- In Re AJ Lane & Co., Inc.United States Bankruptcy Court, D. Massachusetts · 1989
- In Re Riodizio, Inc.United States Bankruptcy Court, S.D. New York · 1997
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