Mark Bell Furniture Warehouse, Inc. v. D.M. Reid Associates, Ltd.
Court of Appeals for the First Circuit
1Opinion of the Court
CYR, Circuit Judge.
An involuntary chapter 7 petition was filed against Mark Bell Furniture Warehouse, Inc. (“Debtor”) in 1988. The property of the chapter 7 estate included a prepetition cause of action against D.M. Reid Associates (“Reid”). Mark Bell (“Bell”), Debtor’s president and sole shareholder, urged the chapter 7 trustee to litigate the claim against Reid. When the trustee failed to pursue the claim, Bell offered to purchase the cause of action from the estate for $250. The notice of the proposed private sale to Bell invited upset bids in excess of $500, subject to the condition that…
2Cases cited18 opinions
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- Rumford Pharmacy, Inc. v. City of East ProvidenceCourt of Appeals for the First Circuit · 1992
- In Re 604 Columbus Avenue Realty Trust, Debtor. Capitol Bank & Trust Company v. 604 Columbus Avenue Realty Trust, in Re 604 Columbus Avenue Realty Trust, Debtor. Federal Deposit Insurance Corporation, as Receiver/liquidating Agent of Capitol Bank & Trust Company v. 604 Columbus Avenue Realty TrustCourt of Appeals for the First Circuit · 1992
- Richard and Anita Poliquin v. Garden Way, Inc.Court of Appeals for the First Circuit · 1993
- In Re Samuel William SAX, Debtor, Appeal of THREE RIVERS MARINE SERVICE, INC.Court of Appeals for the Seventh Circuit · 1986
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- Century 21 Balfour Real Estate v. MennaCourt of Appeals for the First Circuit · 1994
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- In Re Mark Bell Furniture Warehouse, IncorporatedCourt of Appeals for the First Circuit · 1993
- Kabro Associates of West Islip, LLC v. Colony Hill Associates (In re Colony Hill Associates)Court of Appeals for the Second Circuit · 1997
- Licensing by Paolo, Inc. v. SinatraCourt of Appeals for the Second Circuit · 1997
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