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Saturday, January 07, 2006

Case Updates courtesy of your DCBA BK Blog

3rd Circuit
Approval of a sale under 11 U.S.C. section 363 of the debtor's assets is affirmed in a bankruptcy case over claims of error by the plan administrator for the bankruptcy estates on behalf of unsecured creditors left out of the deal.
7th Circuit
Order requiring that debtor return certain real property to the estate of the deceased seller is reversed where the bankruptcy court erred in requiring the return of land without ordering the probate estate to repay the amounts the debtor had paid the decedent for said property.
California Appellate Districts
Absent a completion date set by agreement, Code of Civil Procedure section 1283.8 gives a trial court the authority, on petition by a party to an arbitration, to set a date by which the arbitration proceeding must be concluded.

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