Hilburn's Paint v.

United States Bankruptcy Appellate Panel of The Sixth Circuit

Hilburn's Paint v.

Opinion

(/(&7521,&&,7$7,21 )('$SS 3 WK&LU )LOH1DPH E S

%$1.5837&<$33(//$7(3$1(/2)7+(6,;7+&,5&8,7

,QUH +,/%851j63$,17$1'%2'< 6+23,1&

'HEWRU BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

(//(1%9(5*26 8QLWHG6WDWHV7UXVWHHIRU5HJLRQ

$SSHOODQW

Y 1R

+,/%851j63$,17$1'%2'<6+23 ,1&HWDO

$SSHOOHHV BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

)LOHG 2FWREHU BBBBBBBBBBBBBBBBBBBB

25'(5 BBBBBBBBBBBBBBBBBBBB

%HIRUH $8*025*(167(51&/$55(1DQG5+2'(6%DQNUXSWF\$SSHOODWH 3DQHOsXGJHV

s9,1&(17$8*s5%DQNUXSWF\$SSHOODWH3DQHOsXGJH7KLVLVWKHVHFRQG DSSHDOSUHVHQWHGE\WKH8QLWHG6WDWHV7UXVWHHRQWKHLVVXHRIZKHWKHUWKH%DQNUXSWF\ &RGHSHUPLWVFRPSHQVDWLRQWRDGHEWRUjVDWWRUQH\IURPWKHGHEWRUjVHVWDWH,QDSULRU RSLQLRQ WKH 3DQHO DIILUPHG WKH EDQNUXSWF\ FRXUWjV LQWHULP DZDUG RI WKH  LQ FRPSHQVDWLRQWRWKHGHEWRUjVDWWRUQH\V6HH8QLWHG6WDWHV7UXVWHHY+LOEXUQjV3DLQWDQG %RG\6KRS,QF ,QUH+LOEXUQjV3DLQWDQG%RG\6KRS,QF %5  %$3WK&LU    7KH 8QLWHG 6WDWHV 7UXVWHH QRZ DSSHDOV WKH EDQNUXSWF\ FRXUWjV ILQDO RUGHU DSSURYLQJDGPLQLVWUDWLYHFODLPDQGGLVEXUVHPHQWRIIXQGVZKLFKLQFOXGHVILQDODSSURYDO DQGGLVEXUVHPHQWRILQFRPSHQVDWLRQWRWKHFKDSWHUGHEWRUjVDWWRUQH\VIURP WKHEDQNUXSWF\HVWDWH 8SRQH[DPLQDWLRQRIWKHUHFRUGDQGWKHEULHIVWKH3DQHOXQDQLPRXVO\DJUHHVWKDW RUDO DUJXPHQW ZRXOG QRW VLJQLILFDQWO\ DLG WKH GHFLVLRQDO SURFHVV LQ WKLV DSSHDO DQG WKHUHIRUHZDLYHVRUDODUJXPHQW)('5$333 D )('5%$1.53

8QGHUWKHODZRIWKHFDVHGRFWULQHDFRXUWLVRUGLQDULO\SUHFOXGHGIURPUHH[DPLQLQJ DQLVVXHSUHYLRXVO\GHFLGHGLQWKHVDPHFDVH&RQVROLGDWLRQ&RDO&RY0F0DKRQ )G  Q WK&LU  %HFDXVHWKH3DQHOjVSULRUGHFLVLRQDGGUHVVHGWKHVDPH LVVXHSUHVHQWHGLQWKLVDSSHDOWKHODZRIWKHFDVHGRFWULQHLVDSSOLFDEOHWRWKLVDSSHDO 6HH,QUH*HRUJH:RUWKLQJWRQ&R )G  WK&LU   m7KHSXUSRVHRI WKHGRFWULQHRIODZRIWKHFDVHLVWRSURPRWHMXGLFLDOFRPLW\WKHMXGLFLDOV\VWHP VLQWHUHVW LQILQDOLW\DQGWKHHIILFLHQWDGPLQLVWUDWLRQRIFDVHVl 

7KHUHIRUHIRUWKHUHDVRQVVWDWHGLQWKH3DQHOjVSULRUGHFLVLRQWKHGHFLVLRQRIWKH EDQNUXSWF\FRXUWLQIDYRURIWKHDSSHOOHHVLV$)),50('

3$7 ( 025*(167(51&/$55(1 %DQNUXSWF\ $SSHOODWH 3DQHO sXGJH GLVVHQWLQJ,UHVSHFWIXOO\GLVVHQWIURPWKH3DQHOjVGHFLVLRQDQGZRXOGUHYHUVHWKHGHFLVLRQ RIWKHEDQNUXSWF\FRXUWIRUWKHVDPHUHDVRQVVWDWHGLQP\GLVVHQWLQ+LOEXUQjV3DLQWDQG %RG\6KRS,QF%5  %$3WK&LU 

(17(5('%<25'(52)7+(3$1(/

V/HRQDUG*UHHQ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB &OHUN



Reference

Status
Published