Legal Opinion
United Surety & Indemnity Co. v. López-Muñoz (In re López-Muñoz)
Bankruptcy Appellate Panel of the First Circuit
Decided July 28, 2016No. BAP NO. PR 16-011; Bankruptcy Case No. 13-08171-EAGPublishedCited by 3 opinions
1Opinion of the Court
Finkle, U.S. Bankruptcy Appellate Panel Judge.
United Surety & Indemnity Company (“USIC”) appeals from the bankruptcy court’s January 15, 2016 order denying its motion to appoint a chapter 11 trustee under § 1104.1 For the reasons set forth below, we AFFIRM the ruling of the bankruptcy court.
*182 BACKGROUND
I. Pre-Bankruptcy Events
Over 30 years ago, Pedro López-Muñoz (the “Debtor”) and his now ex-spouse incorporated Western Petroleum Enterprises Inc. (“Western Petroleum”), to engage in the sale and distribution of petroleum products and derivatives. The Debtor owns 50% of the shares of this…
2Cases cited32 opinions
- Husky International Electronics, Inc. v. RitzSupreme Court of the United States · 2016
- In Re Sharon Steel Corporation, Debtor. Appeal of Dwg Corporation and Victor PosnerCourt of Appeals for the Third Circuit · 1989
- Groman v. Watman (In Re Watman)Court of Appeals for the First Circuit · 2002
- Rosario-Urdaz v. Rivera-HernandezCourt of Appeals for the First Circuit · 2003
- Lessard v. Wilton-Lyndeborough Cooperative School DistrictCourt of Appeals for the First Circuit · 2010
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3Cited by3 opinions
- United Surety & Indemnity Co. v. López-Muñoz (In re López-Muñoz)Court of Appeals for the First Circuit · 2017
- In re: Sparhawk LLC, Sparhawk Properties LLC, Sparhawk Trucking, Inc., and Sparhawk Truck and Trailer, Inc.United States Bankruptcy Court, W.D. Wisconsin · 2026
- United Sur. & Indem. Co. v. Lopez-MunozCourt of Appeals for the First Circuit · 2017