Legal Opinion
In Re Hugo Olson and Jeraldine Olson, Debtors. Viking Associates, L.L.C. v. Wayne Drewes, Trustee, and Barbara G. Stuart, U.S. Trustee
Court of Appeals for the Eighth Circuit
Decided July 10, 1997No. 96-2996MNPublishedCited by 29 opinions
1Opinion of the Court
RICHARD S. ARNOLD, Chief Judge.
This ease arises out of the efforts of Viking Associates, L.L.C., to purchase all of the unsecured claims against the bankruptcy estate of Hugo and Jeraldine Olson. The Bankruptcy Court held that Viking used fraudulent means to convince creditors to sell Viking their claims against the estate, and that Viking’s purchase of all the unsecured creditors’ claims and subsequent attempt to dismiss the bankruptcy proceeding was an abuse of the bankruptcy process. The Court disallowed the transfer of the claims above the amount that Viking paid for them and subordinated…
2Cases cited7 opinions
- In re Saco Local Development Corp.Court of Appeals for the First Circuit · 1983
- In Re Spm Manufacturing CorporationCourt of Appeals for the First Circuit · 1993
- In Re Reuben F. Leimer, D/B/A Leimer Farms and Company, A/d/b/a R.F. Leimer Company, Debtor. Aetna Life Insurance Company v. Reuben F. LeimerCourt of Appeals for the Eighth Circuit · 1984
- In Re BestmannCourt of Appeals for the First Circuit · 1983
- In Re Shearn Moody, Jr., Debtor. Shearn Moody, Jr. v. Empire Life Insurance Company and John S. GreenoCourt of Appeals for the Fifth Circuit · 1988
2 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Pincus v. Graduate Loan Center (In Re Pincus)United States Bankruptcy Court, S.D. New York · 2002
- Sheehan v. Valley National Bank (In Re Shreves)United States Bankruptcy Court, N.D. West Virginia · 2001
- Casamatta v. Resurgent Capital Services, L.P. (In re Freeman-Clay)United States Bankruptcy Court, W.D. Missouri · 2017
- Grueneich v. Doeling (In Re Grueneich)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2009
- Energy Income Fund, L.P. v. Compression Solutions, Co. (In Re Magnolia Gas Co.)United States Bankruptcy Court, W.D. Oklahoma · 2000
24 more not listed; retrieve them via the Exa API.